Acomparative advantage is the ability of a country to produce a particular good or service at a lower than another country. a. opportunity cost b. production cost c. absolute advantage d. manufacturing advantage select the best answers from the choices provided. a b c d

Answer

Hi,

Correct answer option is {a}

Explanation

Comparative advantage occurs when a nation produces a good or service for a lower opportunity cost than other countries. In this case, the advantages of buying their goods or services will surpass the disadvantages. This is to say that country may not be the best nation in production of a particular good or service but the good or service offers a low opportunity cost for other nations to import. A good example is oil-producing nations who have a comparative advantage in chemicals because the oil is locally produced thus a cheap raw material for chemicals as compared to nations without oil production.

Best of Luck!

Employees, owner of the business and investors

Explanation:

Family decisions are biased and they can change business decision over the course of period. In the above scenario, graters family has decided to take a long term view of the business rather than short term profit will greatly affect the employees, owner of the business and investors. Family decisions can affect a stakeholder that is why it is recommended that family and business should remain apart.