Business, 10.03.2020 18:26 polo1397

Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shovel a driveway in one hour or he can plow a parking lot in one hour. Given this we know that:.

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Answer from: 20warriorsoul14

Given this we know that: Trevor has an absolute advantage in plowing a parking lot.

Explanation:

A shovel is a hand held tool used for digging, lifting, and moving bulk materials. The shovel is commonly used in lifting sand, snow, soil and coal.

Mostly shovels are used as hand tools. A broad blade is fixed to a medium-length handle. The blades of the shovel are very strong; they are made of a sheet steel or hard plastic.

In the above scenario, Trevor and Paul both have a shovel and does their plowing work. Trevor is capable of digging the driveway in two hours or plowing a parking lot in 30 minutes.

Answer from: leslie4759

Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shovel a driveway in one hour or he can plow a parking lot in one hour. Given this we know that Trevor has an absolute advantage in plowing a parking lot.

Explanation:

The concept of absolute advantage was given by Adam Smith in his book "The wealth of the Nation" in the year 1776

The principle of absolute advantage is used to refer to the ability of a party to produce a greater quantity of a good, product, or service than its competitors, given that the amount of resources remain the same

For example, India has an absolute advantage in operating call centers compared to the Germany because of its low cost of labor and abundant labor force.

Hence we can say that ,Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shovel a driveway in one hour or he can plow a parking lot in one hour. Given this we know that Trevor has an absolute advantage in plowing a parking lot.

Answer from: Quest

agriculture and oil. natural resources, industry.

Answer from: Quest

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability

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