What is country absolute advantage?

What is country absolute advantage? Absolute advantage refers to the ability of a country to produce a good more efficiently than other countries. In other words, a country that has an absolute advantage can produce a good with lower marginal cost (fewer materials, cheaper materials, in less time, with fewer workers, with cheaper workers, etc.). […]

How much did the US spend on military in 2020?

How much did the US spend on military in 2020? Estimated U.S. military spending is $934 billion. It covers the period October 1, 2020, through September 30, 2021. 1 Military spending is the second-largest item in the federal budget after Social Security. This figure is more than the $705 billion outlined by the Department of […]

How does minority influence benefit a team?

How does minority influence benefit a team? How does minority influence benefit a team? People who persist in the face of hardships and ridicule are viewed as particularly sincere, confident, and courageous, given that they are willing to risk social censure. When a team has a disagreement the best course of action is to ____? […]

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