The following factors influence comparative or absolute advantage:*Tick the answer that is NOT CORRECT1 pointdistribution chainsclimatehistoryavailability of labourgeographical location

Absolute advantage meant greater efficiency in …................., or the use of less labour factor in productiona.processb.productionc.post-productiond.politics

Division of labour. Advantages & Disadvantage!

What is the difference between absolute advantage and comparative advantage?

The theory of comparative advantage demonstrates that even if a country is less efficient than another in producing all goods, it can still benefit from trade by specializing in the production of the good in which it has:  A. The highest absolute advantage  B. The lowest opportunity cost  C. The highest total production  D. The lowest absolute cost

Which of the following is NOT an advantage of Territory Departmentalization?Select one:a.Multi-lingual locationsb.Transfer opportunitiesc.Improved focusd.Reduced travel