True or False? The U.S. has an absolute advantage in the creation of software.
True or False? The U.S. has an absolute advantage in the creation of software.
Homework Answers
Answer:
True
The U.S. has an absolute advantage in the creation of software. When a country can produce more quantity of goods using same set of resources relative to other country then such country is said to be having absolute advantage.
Thus, the US will have an absolute advantage in the production of all goods which include creation of software.
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True or False? The U.S. has an absolute advantage in the
creation of software.
Countries with the absolute advantage in no products will not be able to engage in international...
Countries with the absolute advantage in no products will not be able to engage in international trade. True False
true or false the creation of transaction deposits via new loans is the same thing as...
true or false the creation of transaction deposits via new loans is the same thing as creating money
Define absolute and comparative advantages. Give an example in which one person has an absolute advantage...
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d. Korea has an absolute advantage in the production of both food and electronics 6. Which...
d. Korea has an absolute advantage in the production of both food and electronics 6. Which of the following statements about comparative advantage is true? a. Australia has a comparative advantage in the production of food while Korea has a comparative advantage in the production of electronics b. Korea has a comparative advantage in the production of food while Australia has a comparative advantage in the production of electronics c. Australia has a comparative advantage in the production of both...
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absolute advantage & comparative advantage
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True or False? An advantage of debt financing is that it decreases financial leverage.
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