Which is a criticism of globalization?
A. It provides only comparative advantage instead of absolute advantage.
B. It gives governments too much control over the global economy.
C. It undermines the purchasing power of consumers.
D. It leads to increased damage to the environment.
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Ответ:
Absolute advantage is the ability of an individual, company, region, or country to produce a greater quantity of a good or service with the same quantity of inputs per unit of time, or to produce the same quantity of a good or service per unit of time using a lesser quantity of inputs, than another entity that produces the same good or service.
An entity with an absolute advantage can produce a product or service at a lower absolute cost per unit using a smaller number of inputs or a more efficient process than another entity producing the same good or service.
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