Having 1 doesn't mean you'll produce everything while other nations don't. Nations determine what they have the 2 in, and produce that.

Comparative advantage is when a nation, business, or person can produce a good or service at a lower 3 than anyone else.

A. 1-opportunity cost, 2-absolute advantage, 3-comparative advantage

B. 1-absolute advantage, 2-comparative advantage, 3-opportunity cost

C. 1-comparative advantage, 2-absolute advantage, 3-opportunity cost

D. 1-comparative advantage, 2-opportunity cost, 3-absolute advantage

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators