True. Studies have consistently shown that there is a strong positive correlation between economic freedom and high per capita real GDP. Economic freedom includes factors such as low taxes, minimal government intervention, and ease of doing business. Countries with high levels of economic freedom tend to have more prosperous economies, as individuals and businesses are able to freely engage in market activities without unnecessary restrictions.
This leads to increased productivity, higher levels of innovation, and ultimately, higher per capita real GDP. Therefore, it is safe to say that there is a strong positive correlation between economic freedom and high per capita real GDP.
There is a positive correlation between economic freedom and high per capita real GDP. True.
When a country has more economic freedom, businesses and individuals can innovate and invest more efficiently, leading to higher levels of productivity and economic growth. As a result, countries with greater economic freedom tend to have higher per capita real GDP, reflecting an improved standard of living for their citizens. This relationship has been supported by various studies and is generally accepted among economists. However, it's essential to consider other factors that may contribute to a nation's economic success and individual well-being.
To know more about per capita real gdpa visit-
https://brainly.com/question/15694733
#SPJ11
Net operating profit after tax (NOPAT) includes operating revenues less expenses such as: Select one: a. All of these answers b. Cost of goods sold (COGS) and taxes on operating income and Selling, general and administrative expenses (SG
The correct answer is F
We get net operating profit after tax as follows :
Operating revenue
(-) Cost of goods sold (COGS)
Gross profit
(-) Selling, general and administrative expenses (SG&A)
Operating income
(-) Taxes on operating income
Net operating profit after tax (NOPAT)
Thus, as we can see from operating revenue we have deduced the items given in options A, B & C.
Hence the correct answer is F
Internet working income after taxes (NOPAT) represents an agency's earnings that might be distributed to its shareholders if it had no debt. In other phrases, it is the amount of cash income left over in any case working expenses and taxes have been paid for the yr.
Gross earnings are the profits of the organization left after paying off the direct costs. Operating income is the income of the organization left after paying off running expenses. Net income is the residual income left with the agency in any case deductions.
Running profit is the whole earnings and enterprise generates from sales after paying off all working costs, such as lease, worker payroll, equipment, and stock fees. The running earnings parent excludes profits or losses from interest, taxes, and investments.
The question is incomplete. Please read below to find the missing content.
Net operating profit after tax (NOPAT) includes operating revenues and fewer expenses such as
A) Cost of goods sold (COGS)
B) Taxes on operating income
C) Selling, general and administrative expenses (SG&A)
D) After-tax earnings from investments and interest expenses
E) All of the above
F) A, B and C only
Learn more about the Net operating profit here https://brainly.com/question/15834358
#SPJ4
rbs A non-profit organization has obtained a temporary daily on-sale license for a fundraiser. Who within the organization has to be RBS certified
A non-profit organization has obtained a temporary daily on-sale license for a fundraiser. The individual in the organization that has to be RBS certified is anyone or staff who serves drinks.
What is Responsible beverage service?Responsible beverage service (RBS) is the training given to individual who could be staff of an organization or owners of businesses that sell and serve alcohol.
The knowledge and skills needed to succeed in the business is given for legal requirements.
Therefore,
A non-profit organization has obtained a temporary daily on-sale license for a fundraiser. The individual in the organization that has to be RBS certified is anyone or staff who serves drinks.
Lear more on non-profit organization below
https://brainly.com/question/26476622
#SPJ1
A firm's decision about what output level to produce is typically a ______ decision.
a) coordinated
b) marginal
c) sequential
d) production.
Option B. marginal.
The average fixed cost decreases as performance improves. Multiple choice problem. The total or production volume of a particular product or service produced. Total output per unit of work.
Marginal production cost measures the change in the total cost of a product due to the production of one additional unit of that product. Marginal cost (MC) is calculated by dividing the change in total cost (C) (Δ) by the change in quantity (Q).
Marginal cost is calculated by dividing the change in total cost by the change in quantity. Suppose Company A produces 100 units at a cost of $ 100. The company will then produce another 100 units at a cost of $ 90. Therefore, the marginal cost is a change in total cost, which is $ 90.
Learn more about marginal at
https://brainly.com/question/11689872
#SPJ4
All of the following are true about General Data Protection Regulation (GDPR) except: a.GDPR does not cover EU employees b.GDPR is a set of data privacy requirements that apply across the European Union c.GDPR covers organizations that market to or process information of EU end users d.GDPR covers organizations that market to or process information of EU customers
All of the following are true about General Data Protection Regulation (GDPR) except: b.GDPR does not cover EU employees
What is General Data Protection Regulation?General Data Protection Regulation is a regulation which laydown rules and regulations a person or an individual who want personal data or information from a person who based in European Union must follow.
Hence, the following are true about General Data Protection Regulation:
GDPR does not cover EU employeesGDPR covers organizations that market to or process information of EU end users GDPR covers organizations that market to or process information of EU customersLearn more about General Data Protection Regulation here:https://brainly.com/question/27416494
#SPJ1
A CPA can accept a gift from a client as long as: Group of answer choices Adequate internal controls exist in the client entity to ensure gifts are made without any pre-conditions Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule The amount is below what is considered to be a material payment Audit services are not provided to the client
In order for a CPA to accept a gift from a client, Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
When can a CPA take a gift from a client?A Certified Public Accountant (CPA) is someone who has to abide by the highest ethics in the accounting profession so as to protect the integrity of financial statements and the accounting profession in general.
A CPA can therefore not be seen to be influenced by their client in a way that brings bias such that financial statements cannot be trusted. One way this can happen is if the CPA accepts a gift from the client.
To avoid this, the gift accepted must be in line with integrity and objectivity rules that ensure that the independence of the Certified Public Accountant (CPA) is protected.
In conclusion, a Certified Public Accountant (CPA) can accept a gift if Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
Find out more on Certified Public Accountants at https://brainly.com/question/26264560
#SPJ1
Which component is more likely to be biased if book values are used in the calculation of wacc rather than market values?
Common Stock is more likely to be biased if book values are used in the calculation of WACC rather than market values.
How Does Common Stock Work?Security called common stock serves as a proxy for a company's ownership. Common stockholders decide on corporate policies and elect the board of directors. Usually, long-term returns from this type of stock ownership are higher.
Common shareholders, however, do not have any rights to a company's assets in the case of liquidation until all bondholders, preferred shareholders, and other debt holders have been fully compensated. On a company's balance sheet, common stock is listed under stockholders' equity.
How Do I Cast a Ballot Using Common Stock at Corporate Meetings?
Ordinary common shares typically have one vote per share, giving shareholders the ability to cast a ballot on corporate decisions, which are frequently made at a company's annual meeting of shareholders. If you're unable to vote in person, you can choose to have a representative vote on your behalf if you choose (along with others who cannot attend).
Votes may be taken on matters like whether to merge with or purchase a business, elect board members, or consent to dividends or stock splits.
Learn more about the WACC with the help of the given link:
brainly.com/question/14223809
#SPJ4
Milton friedman argued that the federal reserve should adopt a ________ to reduce fluctuations in real gdp, employment, and inflation.
A. restrictive fiscal policy
B. monetary growth rule
C. contractionary lending practices policy
D. fixed interest rate policy
Milton Friedman argued that the federal reserve should adopt a monetary growth rule to reduce fluctuations in real GDP, employment, and inflation.
Monetary growth is Increased money supply in the economy: Money supply growth has been high in the last two years, boosted by high exports.
Monetary definition refers to money or currency. A system that pays with dollar bills and other banknotes is an example of a monetary system. Of national currencies or coins, or related to them.
Due to the difficulty of exchanging goods and services, barter systems have been an obstacle to the division of labor and specialization between individuals, which are important factors in increasing productivity and economic growth.
Learn more about monetary growth here:https://brainly.com/question/17750211
#SPJ4
APV and WACC are similar in that they reflect the tax benefit of Blank______. Multiple choice question. leverage relocation equity waiting
APV and WACC are similar in that they reflect the tax benefit of leverage.
How to illustrate the information?It should be noted that the adjusted present value (APV) is used to value a project.
The weighted cost of capital (WACC) implies the rate at which a company is expected to pay all its security holders in order to finance its assets.
In conclusion, APV and WACC are similar in that they reflect the tax benefit of leverage.
Complete question:
APV and WACC are similar in that they reflect the tax benefit of ...........
a. leverage
b. relocation
c. equity
d. waiting
Learn more about WACC on:
brainly.com/question/25566972
#SPJ1
What is the minimum monthly gross income you need to be able to afford the above and still save $100 a month? set all to zero except:_______. medicare $100, internet $50, telephone $50. food $600.
What is the minimum monthly gross income you need to be able to afford the above and still save $100 a month set all to zero except $800-$999 medicare $100, internet $50, telephone $50. food $600.The amount paid to an employee in a month before taxes or other deductions is known as gross monthly income.
The amount is specified in both job offer letters and paychecks. Overtime, bonuses, and commissions are all possible sources of additional gross monthly income. Gross pay is related. Your gross income will also help you budget and figure out how much money you'll have to save for retirement.
To learn more about gross income, click here
https://brainly.com/question/547727
#SPJ4
Which process is defined as the give-and-take process between two or more parties aimed toward reaching an agreement?
The negotiation is process is defined as the give-and-take process between two or more parties aimed at reaching an agreement.
Negotiation is a strategic discussion that resolves an issue in a way that both parties find acceptable. In a negotiation, each party tries to persuade the other to agree with his or her point of view.
Examples of negotiations include: Negotiating with a customer over the price and terms of a sale. Synonyms for negotiation. accommodation, compromise, concession, give-and-take.
Some of the most common Negotiations are distributive negotiation, integrative negotiation, team negotiation, and multiparty negotiation.
learn more about Negotiation here https://brainly.com/question/902450
#SPJ4
Amplify, Inc. was sued by Sound City for $50,000. Sound City feels very confident that it will win the case and will be awarded the full amount. Amplify, Inc. feels it is probable that it will lose the case and pay Sound City the full amount. Which of the following is correct
The correct option is (D) Amplify, Inc. would record a loss and contingent liability for $50,000, and Sound city would record nothing.
What is Sue?To take legal action against a person or organization, particularly by filing a legal claim for monetary damages as a result of some injury they have caused you.Example: He was so enraged by the letter's charges that he threatened to sue.Option A is correct, but not when compared to option D.
Option D appears to be the best solution.
Therefore, the correct option is (D) Amplify, Inc. would record a loss and contingent liability for $50,000, and Sound city would record nothing.
Know more about legal claims here:
https://brainly.com/question/22499117
#SPJ4
Correct answer:
Amplify, Inc. was sued by Sound City for $50,000. Sound City feels very confident that it will win the case and will be awarded the full amount. Amplify, Inc. feels it is probable that it will lose the case and pay Sound City the full amount. Which of the following is correct?
(A) Amplify, Inc. would record a loss and contingent liability for $50,000.
(B) Sound city would record a gain a lawsuit receivable for $50,000.
(C) Sound city would record nothing.
(D) Amplify, Inc. would record a loss and contingent liability for $50,000, Sound city would record nothing.
Firms that are able to effectively exploit their core competencies usually more easily achieve:
Firms that are able to effectively exploit their core competencies usually more easily achieve one of the main reasons why supply chain relationships are so important is the cost advantage or disadvantage that can be gained or lost within the supply chain, directly affecting a company's bottom line. i.e. their profit or loss.
A corporation is a community for short, a legal entity that is a collection of people with a specific purpose, natural, legal, or a mixture of both. Company members have common goals and work together to achieve specific goals.
A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company may be organized in various ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.
Learn more about company here:https://brainly.com/question/24553900
#SPJ4
Net income divided by net sales is the: Multiple Choice Current ratio. Profit margin ratio. Total asset turnover ratio. Days' sales in inventory ratio. Return on total assets ratio.
Net income divided by net sales is the Profit margin ratio.
Profit margin, which is calculated by dividing income by revenues, effectively measures how profitable a firm or commercial activity is.
Profit margin, expressed as a percentage, shows how many cents of profit were made for every dollar of sales.
Although there are other kinds of profit margins, the net profit margin is the most important and widely used one.
This is the company's bottom line after all other costs, such as taxes and one-time expenses, have been subtracted from revenue.
Creditors, investors, and businesses themselves utilize profit margins as gauges of a company's financial stability, management aptitude, and potential for expansion.
When comparing the numbers for various businesses, care should be given because normal profit margins vary by industry area.
Hence, Net income divided by net sales is the Profit margin ratio.
Learn more about ratios:
https://brainly.com/question/14010408
#SPJ1
The manipulation check is advantageous if ________. the results obtained are nonsignificant single-blind procedures are used double-blind procedures are used the demand characteristics are minimal
Answer: advantageous
Explanation:
Units Direct materials Percent Complete Conversion Percent Complete Units completed and transferred out 120,000 100% 100% Ending work in process inventory 40,000 20% 60% Determine the equivalent units of production for the Forming department for direct materials and conversion costs assuming the weighted average method.
The equivalent units of production for the Forming department for direct materials and conversion costs assuming the weighted average method is equal to 144000 (conversion) & 128000 direct material.
DESCRIPTION DIRECT MATERIAL CONVERSION
Transfered out unit (100% complete) 120000 120000
ENDING INVENTORY
Material = 40000 * 20% 8000 24000
concersion - 40000 * 60%
EQUIVALENT UNITS 128000 144000
Conversion percentage is the method of the percentage into whole number i.e conversion cost.
Average method referred to as the weighted average fee technique, the common-cost approach is an accounting formula used whilst calculating inventory price. This figure is reached by way of dividing the entire fee of products by means of the total variety of products over a particular accounting cycle.
Learn more about average method here:-https://brainly.com/question/6504879
#SPJ1
How much would you pay (today) for a $500,000 growing perpetuity that begins in 1 year. Assume the annual discount rate (I/Y) of 5.5% and a 1.00% annual growth in the perpetuity payment that you will receive.
The amount of cash payable for the growing perpetuity today is $11,111,111.11
What is a growing perpetuity?
A growing perpetuity is an investment opportunity that pays its holder cash flows on periodic basis, such that the subsequent cash flows grow at a constant rate forever.
The present value of the growing perpetuity means the amount that needs to be paid today in order to be entitled to the annual cash flows that grows at the constant rate forever.
The formula for the present value formula of a growing annuity is as below:
PV=D1/(r-g)
D1=first cash flow=$500,000
r=discount rate=5.5%
g=growth rate=1.00%
PV=$500,000/(5.5%-1.00%)
PV=$11,111,111.11
Find out more about growing perpetuity on:https://brainly.com/question/25545513
$SPJ1
Clam Corp. issues 1,000 shares of $10 par value preferred stock and 3,000 shares of $1 par value common stock for $48,000
The Paid In Capital--Excess of Par, common stock is $25,800.
What is Paid-In Capital in Excess of Par Mean?Paid in capital in excess of par is essentially the difference between the fair market value paid for the stock and the stock’s par value. In other words, it’s the premium paid for an appreciated stock. Paid in capital in excess of par is created when investors pay more for their shares of stock than the par value.
Solution-
The relative market value of the common stock is:
common stock = 30,000/50,000 * $48,000 = $28,800
less the $3,000 par value of common stock
common stock = $28,800 - $3,000
common stock = $25,800
Therefore, we can conclude that the The Paid In Capital--Excess of Par, common stock is $25,800.
Your question is incomplete, but most probably your full question was:
Clam Corp. issues 1,000 shares of $10 par value preferred stock and 3,000 shares of $1 par value common stock for $48,000. The fair value of the preferred stock is $20 per share, and the fair value of the common shares is $10 per share. What is? the amount allocated to the Paid In Capital--Excess of Par, common stock
Learn more about Paid-In Capital in Excess of Par Mean on:
brainly.com/question/13372465
#SPJ4
Larry's Kite Shack operates on the Florida beaches during the tourist season. Last year, Larry sold $25,000 worth of kites. His cost of goods was $7,000, and he paid himself a salary of $20,000. On an income statement, Larry's business would have a(n): Group of answer choices net loss gross expense negative revenue net profit negative retained earning
Negative net profit $2,000 to be reported in the profit or loss statement. also this will be reported as current years retained earnings this negative figure will lower the previous retained earnings balance.
What is Revenue?Revenue is the amount that an organization receives for the goods sold or services provided, the revenue is the core reason for the company to exist, revenue is generated and paid by the customers of the organization.
It is highly followed that the expenses of a company is lower than the revenue it generates. However in the given question Larry seems to be the sole trader and that is why he is paying the salary to himself.
The loss is calculated as
Gross profit is calculated first as
revenue - Cost of goods sold i.e $25000 - $7000 = $18000
then net loss = Gross profit - Administrative expenses i.e $18000 - $20000 = -$2000.
Learn more about Revenue at https://brainly.com/question/27186704
#SPJ1
__________________ is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor.
Channel assembly is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor.
What is Channel assembly?Channel assembly serves as the means whereby the manufacture send his product in different entity to the other distributors, this is different from sending in bulks.
This medium uses smaller units , hence, Channel assembly is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor.
Learn more about Channel assembly on:
https://brainly.com/question/24452126
#SPJ1
More than one-third of the revenues in the texas budget each year come from federal dollars that flow into the state to be primarily used in which areas?
More than one-third of the revenues in the Texas budget each year come from federal dollars that flow into the state to be primarily used in areas that include grants, payments, and reimbursements.
The Texas budget includes federal funds for programs for public assistance. Direct payments to people from the federal government. Vendor payments for completing federal contracts wages given to federal workers who are employed in the state.
Tax receipts, license fees, federal assistance, and investment returns provide for the majority of revenues. Spending on government salaries, transportation, infrastructure, public assistance, public pensions, education, Medicaid, and corrections are a few examples of expenses.
To learn more about federal funds here
https://brainly.com/question/17080278
#SPJ4
When a manufacturing company has a highly automated manufacturing plant producing many different products, what is probably the most appropriate basis of applying overhead costs to work-in-process
Answer: Machine Hours
Explanation:
GOVERNOR REAGAN: Mr. Ellis, I think this idea that
has been spawned here in our country, that inflation
somehow came upon us like a plague and therefore it's
uncontrollable and no one can do anything about it, is
entirely spurious, and it's dangerous to say this to the
people. When Mr. Carter became President, inflation was
4.8 percent, as you said. It had been cut in two by
President Gerald Ford. It is now running at 12.7 percent.
President Carter also has spoken of the new jobs created.
.. But that can't hide the fact that there are 8 million men
and women out of work in America today, and 2 million
of those lost their jobs in just the last few months. Mr.
Carter had also promised that he would not use
unemployment as a tool to fight against inflation. And
yet, his 1980 economic message stated that we would
reduce productivity and gross national product and
increase unemployment in order to get a handle on
inflation, because in January, at the beginning of the
Intro]
Which claim of President Carter's does Reagan refute
in this excerpt?
President Carter's policies have led to an improved
economy.
O Rising oil prices worldwide can negatively affect
inflation rates in the United States.
Inflation rates have risen too high and are hurting
the American consumer.
There are policies that can be enacted by the
president to curb rising inflation.
Done
The claim of President Carter's that Reagan refute in this excerpt is D. There are policies that can be enacted by the president to curb rising inflation.
What is a claim?It should be noted that a claim simply means the stance of an author or individual regarding a literary work.
Here, the man idea in the excerpt is simply about inflation and how it can be curbed.
Learn more about claim on:
brainly.com/question/2748145
#SPJ1
Answer: A.) Carter fails to provide evidence for how his new policies will decrease inflation.
The certified union for a bargaining unit is granted an exclusive right under the NLRA to represent: Question 10 options: All non-management employees within the company. All union employees. Only employees of a particular skill (craft union) or work (industrial union) All employees in that unit, union, or nonunion
The Correct Answer is (c) Only employees of a particular skill (craft union) or work (industrial union) which is Option C.
Craft unions organize workers along occupational lines and Industrial unions join everyone who works for one employer, or one industry, into one union
The certification process formalizes the collective bargaining relationship. Once a union is certified for a group of employees, the union becomes their exclusive bargaining agent. Unless the bargaining unit is later decertified, the employer is required to bargain in good faith to reach a collective agreement.
What is NLRA and its purpose.?National Labor Relations Act - The NLRA protects workplace democracy by providing employees at private-sector workplaces the fundamental right to seek better working conditions and designation of representation without fear of retaliation.The NLRA applies to most private sector employers, including manufacturers, retailers, private universities, and health care facilities.To know more about NLRA, check the given link.
brainly.com/question/9483714
#SPJ4
Correct Question - The certified union for a bargaining unit is granted an exclusive right under the NLRA to represents
A) All non-management employees within the company
B) All union employees
C) Only employees of a particular skill (craft union) or work (industrial union)
D) All employees in that unit, union, or nonunion
________ is the public relations function which involves reacting to negative events.
The answer is damage control.
The public relations officer's job is not to enlighten the public about the employer, but to feed the public information that will positively impact the public in favor of the business. They twists and manipulates the material to give a favorable impression. When a public relations officer shows the public a half glass, the is task is to persuade them that the glass is half-full, not half-empty. When the general public loves, respects, and trusts an individual or corporation, it is simpler for them to acquire what they desire.
One of the responsibilities of a public relations department is damage control, which is reducing the negative impact of an incident or set of events.
Therefore, the answer is damage control.
To know more about public relation click here:
https://brainly.com/question/20313749
#SPJ4
Who is responsible for governing a condominium?
Grace wants to work with clients who are interested in time-shares. What property type will she be dealing with
To work with clients interested in time-shares, Grace can handle the recreational property.
What is a recreational property?Corresponds to a property controlled by a government agency that is intended for leisure and recreation activities, such as parks and ecological reserves, where individuals can make visits for the purpose of entertainment, education or fun, during a vacation, for example.
This type of property is intended for the leisure of the population, and may be charged a fee for maintenance of the area or have free entry.
Another category of recreational property is properties used periodically for leisure purposes, such as houses rented for summer seasons.
Therefore, as Grace is interested in working with clients interested in time-shares, the ideal recreational property for her to work with would be vacation properties, which are shared properties for periodic use at different times.
Find out more about property here:
https://brainly.com/question/1883618
#SPJ1
When Michael writes a $100 check to John and John deposits the check, Michael's bank ________ assets of $100 and John's bank ________ liabilities of $100.
Answer:
loses; gains
Explanation:
Cameron is expected to produce 550 parts per day, but his machine is capable of only 480. He is also expected to supervise six workers and make sure they have all the materials they need to perform their duties. Cameron is likely to experience ________.
Cameron is expected to produce 550 parts per day, but his machine is capable of only 480. He is also expected to supervise six workers and make sure they have all the materials they need to perform their duties. Cameron is likely to experience role overload.
Role overload is a specific stressor that reflects the perception that the demands of a job role exceed an individual's resources (Eatough et al., 2011). Therefore, role congestion can lead to resource exhaustion. This is a phenomenon that can be understood through a COR lens.
Role overload occurs when a person plays multiple roles at the same time and does not have the resources to perform them. It can develop not only from being mentally overwhelmed but also from being overwhelmed with time.
For example, if an employee leaves the company, it may be necessary to temporarily expand the role of another employee to accommodate the absence of the absent employee.
Learn more about Cameron here: https://brainly.com/question/2049411
#SPJ4
There are five steps in the KPMG Professional Judgment Framework: (1) Consider alternatives, (2) Reach conclusions, (3) Gather and evaluate information, (4) Articulate and document rationale, and (5) Clarify issues and Objectives. What is their correct order of implementation
There are five steps in the KPMG Professional Judgment Framework
1-Clarify issues and objectives2-Consider alternatives3-Gather and evaluate information4-Reach a conclusion5-Articulate and document rationaleBetter decisions can be made by taking into account the fact that other judgment frames and different points of view exist, having many judgment frames increases an auditor's professional skepticism.Professional judgment is the process of making decisions or drawing conclusions based on pertinent training, information, and experience when analyzing the facts, calculating probabilities, or deciding between alternatives.What is the process of judgement?A court's decision known as a judgment establishes each party's rights and obligations in order to resolve a dispute between two parties. In personam, in rem, and quasi in rem judgments are the three categories. Although they can also be non-monetary, judgments must be enforceable by law.Learn more about KPMG Professional Judgment Framework brainly.com/question/27312485
#SPJ4
Comparative advantage means :_________ A. the ability to produce a good or service at a lower opportunity cost than any other producer. B. compared to others you are better at producing a product. C. the ability to produce a good or service at a higher opportunity cost than any other producer. D. the ability to produce more of a product with the same amount of resources than any other producer.
The ability to create a good or service at a lower opportunity cost than any other producer is known as a comparative advantage. So, the response is OPTION 'A'.
Comparative advantage is the capacity of an economy to produce a particular good or service at a lower opportunity cost than its trading rivals.
When evaluating multiple production options, opportunity cost is a new factor to take into account when applying the concept of comparative advantage.
The principle of comparative advantage states that countries will trade with one another and export goods in which they are more competitively positioned.
The natural resources and labor force of a nation may be misused if only its comparative advantages are taken into account.
A nation's unquestionable capacity to produce a specific good more successfully is referred to as absolute advantage.
Hence, OPTION 'A' is the correct answer
Learn more about opportunity cost:
https://brainly.com/question/1549591
#SPJ1