Author Question: Susan is the human resources director at ABC Cosmetics. In her job, she is responsible for ... (Read 101 times)

Cooldude101 · **on:** Jul 14, 2018

Susan is the human resources director at ABC Cosmetics. In her job, she is responsible for recruiting, hiring, and training employees. She is a factor of production for the company.

Indicate whether the statement is true or false

Question 2

What is the difference between an absolute advantage and a comparative advantage?

mbcrismon · **Reply #1 on:** Jul 14, 2018

Answer to Question 1

True

Answer to Question 2

An absolute advantage is the ability to produce a specific product more efficiently than any other nation. A comparative advantage is the ability to produce a specific product more efficiently than any other product. Every country has a comparative advantage in some product.