Absolute advantage simply compares the productivity of a worker: In leaner years. To the productivity of capital. In one year to that same worker in a different year. Between countries. All of the above

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A: People = 1,000,000 working people = 800,000 Total OutPut = 10,000,000

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A: The minimum wage is a price floor that is implemented by the government.

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A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

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A: Absolute advantage: It is the capacity of an individual, organization, area, or nation to create a…

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A: Answer in step 2.

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A: In an economy, sales refers to selling goods and services at the marketplace by producers to earn…

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A: The amount of goods and services produced in a certain country is called production.

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A: A. True, True

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A: The following problem has been solved as follows:

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A: Globalization is an ideological project committed to the spread of globalization, usually reflecting…