What is the law of comparative advantage?


A country’s greatest advantage is in the import of goods that it cannot produce.

A country is better off producing the goods and services that it has a comparative advantage supplying.

A country that supplies things for other nations has a comparative advantage in trade.

A country has a comparative advantage if it produces goods for export.

Answers

Answer 1

Answer:

a country is better off producing goods for which they have a comparative advantage in supplying

Explanation:

this is the right answer

Answer 2
Final answer:

The Law of Comparative Advantage states that a country should specialize in producing goods that it can produce at a lower opportunity cost than other countries to increase economic efficiency and global trade.

Explanation:

The Law of Comparative Advantage is a fundamental concept in international trade and economics. It states that a country is better off when it specializes in the production of goods and services for which it has a comparative advantage. In other words, a country should focus on producing goods it can produce at a lower opportunity cost than other nations. This strategy allows nations to increase economic efficiency and enhance global trade.

For example, suppose Country A can produce both cars and wine more efficiently than Country B. However, Country A has a significant advantage in car production. In this scenario, even if Country A is more efficient in producing both, according to the law of comparative advantage, it is better for Country A to focus on producing cars and import wine from Country B. This way, both countries can maximize their efficiencies and gain from trade.

Learn more about Law of Comparative Advantage here:

https://brainly.com/question/32399712

#SPJ2


Related Questions

in the second sentence who is "we"

Answers

Answer:

you and the audience or the author but it will always be you

At lunch, Michael must sit at a nut-free table. When friends sit with him, they must be sure that their lunches do not have any foods that contain nuts. If he accidentally ate a peanut, Michael could have a life-threatening reaction. What would be the cause of Michael’s reaction?

Answers

Final answer:

Michael's life-threatening reaction would be caused by a food allergy to peanuts. When Michael accidentally eats a peanut, his immune system responds by attacking the peanut protein as if it were a harmful invader.

Explanation:

Michael's life-threatening reaction would be caused by a food allergy to peanuts. When Michael accidentally eats a peanut, his immune system responds by attacking the peanut protein as if it were a harmful invader. This triggers a series of immune responses that can lead to severe symptoms, such as swelling of the lips and mouth, difficulty breathing, and in some cases, anaphylaxis.

Which of the following rates measures how many children are being born in a country (in relation to the size of its population)? A. birth rate B. migration rate C. urbanization rate D. death rate Please select the best answer from the choices provided A B C D

Answers

Answer:

A

Explanation:

It's already given but here's a explaination.

The question asked how many children are being born in a country.

With the process of elimination...

D is definitely incorrect due to the answee being related to death.

C relates to a population and economy (At least what I belive)

B relates to the movement of people from one area to another.

A is the only answer that would make sense due to it relating to birth.

Answer:

i can confirm its A.

Explanation:

i got it right.

Which of the following would not fall into this category?
A.
Aid provided to African countries to fight the AIDS epidemic.
B.
Aid provided to assist in the fight against weapon and drug trafficking.
C.
Aid provided to various third world nations for the improvement of agriculture.
D.
Aid provided to counties of the South Pacific to fund educational programs for children living in poverty.

Answers

A trust me it’s a aaaa

Answer:

im guessing B

Explanation:

hope it helps

All of the following can be characteristics that link people together through ethnicity except __________.


Answers

Answer:

A.)

Explanation:

because relevant work experience is the type of experience which would directly or indirectly impact your performance during employment. The reason recruiters are so keen on relevant experience is that they won't have to go through the gruesome process of having to train you.

Answer:

Physical charecteristics.

Explanation:

All characterstics that link people together through ethnicity are things like social traits. (Hope this helps, using some previous knowledge)

Which countries were the superpowers on the two sides of the Cold War? A England and China B The United States and the USSR C China and the Soviet Union D The United States and England

Answers

Answer:

B: The US and the USSR

Explanation:

I just did a presentation over this in my APUSH class. Good luck!

What was orlando like before walt disney purchased land there?

Answers

Answer:

For the most part it was swamp land and orange groves.

Final answer:

Before Walt Disney purchased land for Disney World, Orlando was primarily a region of agriculture with swamps, orange groves, and cattle ranches. It was much quieter with a smaller population and economy focused on the citrus industry.

Explanation:

Before Walt Disney purchased land in Orlando, the area was vastly different from the international tourist destination it is today.

Pre-Disney Orlando was a quiet, modest region predominantly composed of swamps, orange groves, and cattle ranches, with a small but gradually growing population.

The economy was primarily based on agriculture, specifically citrus industry which was the backbone of the Central Florida economy. The land was relatively cheap and undeveloped, making it an attractive location for Disney to construct his new theme park.

The arrival of Disney World in 1971 transformed Orlando into a booming metropolis with significant urban development, economic growth, and population increase. Hence, the purchase and development of Disney World played a pivotal role in shaping Orlando into the thriving city as we know it today.

What was the original purpose of the Black Panther group?
A. Protect ghetto neighborhoods
B. Start a revolution
C. End the civil rights movement
D. All of the above

Answers

Answer:

I  THINK  ITS D

Explanation:

Final answer:

The original purpose of the Black Panther Group, founded in 1966, was primarily to protect ghetto neighborhoods from police brutality, alongside advocating for jobs, housing, and education for African Americans, influenced by Marxist teachings.

Explanation:

The original purpose of the Black Panther Group was to protect ghetto neighborhoods from police brutality, while also advocating for fundamental social changes. This included the promotion of armed self-defense among African American communities, as well as providing essential social services like free breakfast programs, education, and healthcare. The Black Panther Party, founded in 1966 in Oakland, California, by Bobby Seale and Huey P. Newton, was deeply influenced by Marxist teachings and believed in the necessity of fighting against both racism and capitalism. They sought jobs, housing, and education for African Americans, underlined in their Ten Point Program. The party's actions were sometimes controversial, involving armed patrols to monitor police activities within African American neighborhoods and advocating for self-defense against racial violence.

The correct answer to the question, "What was the original purpose of the Black Panther group?" is A. Protect ghetto neighborhoods.

which are the two major conditions associated wiyh obsetiy

Answers

Answer:

diabetes and heart disease

Explanation:

please give me brainliest

The Harlem Renaissance was
A
a cultural and artistic movement of the 1920s and 30s, led by African-Americans.

B
a cultural and artistic movement of the 1880s and 90s, led by Italian-Americans.

C
a campaign to revitalize Harlem in the early 2000s.

D
a post-World War II religious revival.

Answers

Answer:

A) a cultural and artistic movement of the 1920s and 30s, led by African-Americans.

What does it take to act courageously in time of extreme adversity? Is this a characteristic of a hero or a morally responsible citizen?

Answers

Answer:

What characteristics or qualities make a person a hero? Is there a hero gene? According to one recent study, the answer might rest in what type of heroism we are addressing.

Researchers have found that people who had engaged in one-time acts of bravery (like rushing into a burning building or rescuing someone from the path of an oncoming train) are not necessarily that much different from control groups of non-heroes.

By contrast, people who engage in lifelong heroism (such as professional nurses who regularly comfort the sick and dying) do share a number of important personality traits such as empathy, nurturance, and a need to live by a moral code.

Explanation:

Capital is another word for money true or false

Answers

Answer: True

Explanation:

Capital money is used for producing goods and services.


Which god was most important to Incan society?
Select one:
War god
Earth god
Water god
Sun god

Answers

The sun god what the most important
The sun god is the most important

What services do bank provide?Select all that apply

O A.Banks provide goods to people?
O B.Banks provide loans for cars and houses?
O C.Banks store money for people?
O D.Banks hold historical documents?

Answers

Answer:

B&C

Explanation:

Answer:

B and C

Explanation:

Was the Silk Road a safe passageway from the West to China.

Answers

Answer:

no

Explanation:

its was a very dangerous terrain

What is North Dakota South of?

Answers

Answer:It's south of south Dakota i believe.

North Dakota is south of Canada

Which of the following countries has free and fair elections and requires people to vote once they reach age 18 (with a few exceptions)?
A.
Brazil
B.
Colombia
C.
the United States
D.
Cuba


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

A

Explanation:

A

Answer:

A - Brazil

(Make sure friend above me gets the credit got having it right first)

Explanation:

EDGE 2021

Which of the following nations is located in Sub-Sahara Africa? A. Botswana B. Algeria C. Egypt D. Libya

Answers

Algeria, Egypt, and Libya of the following nations are located in Sub-Sahara Africa. Thus, options B, C, and D are correct.

What is a nation?

A nation is a group of people united by a variety of shared characteristics, including language, race, culture, or government.

Consequently, a nation is the collective identity of a people group that is thought to be characterized by those characteristics. There can be people of different diversity.

Group of islands, refers to the portion of the African subcontinent southwest of the Sahara Desert. Technically, it includes all of Africa's nations that are entirely or mostly south of said Sahara. There are around 46 countries that are present within the Sub-Sahara Africa area.

Therefore, option B, C, and D is the correct option.

Learn more about the nation, here:

https://brainly.com/question/27126152

#SPJ6

Final answer:

The nation located in Sub-Saharan Africa from the options given is A. Botswana.

Explanation:

Sub-Saharan Africa refers to the area of the African continent that is situated south of the Sahara Desert. Among the options provided, Botswana (Option A) is the only country that is geographically located within this region. The other countries listed, namely Algeria, Egypt, and Libya, are all part of North Africa, which lies north of the Sahara and is not considered part of Sub-Saharan Africa. Botswana is a landlocked country in southern Africa, bordered by South Africa, Namibia, and Zimbabwe, known for its diverse culture and rich history, including tribal societies and a progression toward modern economies and political structures.

one downside to life in the city of Rome.

Answers

Answer:

The language barrier.

Explanation:

Yeah it is a because I got it right

One of the achievements of Spanish exploration was __________. A. mapping the coast of Africa B. claiming Brazil for Spain C. finding large amounts of gold in Africa D. proving the existence of the Americas Please select the best answer from the choices provided A B C D

Answers

Answer:

D. Providing the existence of the Americas.

Explanation:

Hope this helps.

Answer:

D, proving the existence of the Americas.

Hope this helped!

P.S. : Can I get brainliest please?


Which goals did the president describe as being part of the US approach to Syria? Check all that apply.

Answers

Answer:

The goals the president described as being part of the US approach to Syria were:

Working with other governments to oppose the regime

Calling for a transition to democracy

Imposing sanctions

recognizing opposition groups

providing humanitarian aid.

Explanation:

The reason behind this answer is that in the first place former and honorable President Obama chose to work with other governments such as France, Great Britain, Russia, etc. to oppose the Syrian dictatorial regime. Also, it called for a transition from imposed dictator to popular democracy as the form of government. He imposed sanctions to the regime looking to destabilize it as well as recognized the civil fighter groups that were looking for liberty while helping the most needed.

Answer:

it's A,C,D,E and F

Explanation:

on edg

Taetem is interviewed while participating in a protest. Taetem states that she has the right to express her opinion, but so does anyone else who disagrees with her. Which moral level does Taetem's statement reflect?

Answers

Final answer:

Taetem's understanding of free expression, recognizing everyone's right including those with opposing views, reflects a post-conventional level of moral development that values public discourse and balances rights with responsibilities.

Explanation:

Based on the context provided, Taetem's statement reflects a developed moral understanding that may be akin to Lawrence Kohlberg's post-conventional level of moral development. At this level, individuals recognize the value of free expression and understand that this right extends to those with different or even opposing views. Taetem's viewpoint encapsulates a respect for free expression within the realm of a public forum, recognizing that while we have these rights, there are also responsibilities to maintain public order and civil discourse. These ideas echo the philosophies of figures like Habermas who emphasized the importance of communicative action and Etzioni's balance between individual rights and social responsibilities.

Why are the years between 194-1964 known as the ''baby boom''?

O A.Lots of children were born?
O B.Rock-n-roll music was born?
O C.Many Americans got credit cards?
O D.Americans had new technology?

Answers

A. Lots of children were born

Answer: A

its called the baby boom bc many babies were born

also, there is always 'new technology' itwould just seem old to us now, but back then, it was new. so its not D



A. Key Terms and Concepts Directions: Match words in the word bank with the definitions. Type the correct letter in each
Word Bank
a.Socrates b. Pericles c. tribute d. Parthenon e. immortal

1 a famous philosopher from Athens
2. able to live forever
3. a leader of Athens who encouraged democracy
4 a temple that was built to honor Athena
5. a payment made by a city to an empire

B. Main Ideas Directions: Type the letter of the correct answer in each blank.

6. ____Serious Greek plays were known as
a. epics. b. tragedies C. comedies. d. operas.

7.____ Socrates was concerned with
a. the atoms that things are made of
b. the meaning of justice and courage.
c. the difference between tragedy and comedy.
d. the spread of democracy.

8.____ An important change that Pericles introduced in Athens was
a. to destroy the Long Walls, which were no longer needed.
b. to pay a salary to city officials.
c. to move away from democracy
d. to encourage every person to study philosophy.
9____ The main source of wealth in Athens was
a. trade and silver
b. art and architecture.
c. agriculture
d. looting(stealing from) other city-states.

10_____Ancient Greek sculpture portrayed
a. scenes of disorder
b. ordinary people working.
c. ideal, or perfect, figures
d. false and distorted views of humans and animals.







Answers

Answer:

1. Socrates

2. Immortal

3. Pericles

4. Parthenon

5. Tribute

6. Epics?

7. I'm gonna go with B

8. D

9. A

10. C

Explanation:

I hope these are right.

How banks make a profit. Depositors give money to the bank. The bank gives interest to the depositors. The bank gives money to borrowers. Borrowers give interest to the bank. Refer to the diagram above and explain how banks make a profit.

Answers

Final answer:

Banks earn their profits primarily through the interest spread, which is the difference between the interest charged to borrowers and the interest given to depositors. Depositors place their money into the bank, and the bank loans out that money to borrowers. The bank's profit is obtained when borrowers repay their loans, in addition to the higher interest generated, the residual of which, after being distributed back to the depositors, is the bank's profit.

Explanation:

Banks operate primarily by acting as a financial intermediary. As illustrated in Figure 17.3, depositors place their money into the bank, which the bank then loans out to borrowers. When borrowers repay these loans with interest, that interest serves as the bank's profit.

The key to this process is the difference in interest that the bank levies on its loans versus the interest it provides to its depositors. Banks typically charge higher interest to those who borrow funds compared to the interest they give to depositors. This difference in interest rates is known as the interest spread, and this is the main way banks generate profits.

In other words, while you may deposit money into a bank and receive some interest, the bank lends that same money out to a borrower at a higher interest rate. The borrower pays back the loan in addition to the interest they owe, and the bank gives a portion of that interest back to the original depositor. The residual interest, after the bank has returned the depositor's interest, is essentially how the bank makes its profit.

Learn more about Banking Profit here:

https://brainly.com/question/14927242

#SPJ12

You're driving a city bus. At the first stop, three women get on. At the second stop, one woman gets off and a man gets on. At the third stop, two children get on. The bus is blue and it's raining outside in December. What color is the bus driver's hair?

Answers

Answer:

dark brown

Explanation:

im the bus driver and my hair is dark brown :)

u tried it

The bus driver hair is a dark brown tint, and three women board at the first stop.

A specific license in addition to an ordinary driver's license is required for bus drivers. Typically, bus drivers shuttle between bus stops or stations in their cars. On a predefined route schedule, bus drivers women board often drop off and pick up passengers.

Drivers on privately arranged long-distance routes, excursions, and school trips are referred to as "coach drivers" in British English.

bus driver come in a variety of forms, such as transit drivers, school bus drivers, and tour bus drivers. Bus drivers may work for a city, governmental bodies (state, federal, and local), school boards, and private businesses like charter bus companies.

Learn more about bus driver, from :

brainly.com/question/8153296

#SPJ2

Name four major rivers in canada and provide a characteristic of each

Answers

Answer:

St. Lawrence, Mackenzie, Yukon and Nelson

Explanation:

Nelson is 400 miles long and it goes into the United States. Yukon is 1,890 miles long but most of it goes through Alaska. Mackenzie is the longest river in Canada and is 1,080 miles long. St. Lawrence is 743.8 miles and its name means "big waterway." I hope this answers your question!

credit goes back to the answerer

Explanation: she/he or however she or he or himself of someone explore themselves is right goodluck 2027

what are the rights that are granted to you in the 7th amendment

Answers

The 7th Amendment of the US Constitution says that lawsuits or disputes in federal court have a right to a jury. (The lawsuit amount has to be more than $20) After the jury settles the case, it shouldn't go back to trial again.

Answer:

The 7th amendment codifies the right to a jury trial in certain civil cases and inhibits courts from overturning a jury's findings of fact.

According to the 7th amendment US constitution:

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Serious Greek plays were known as

Answers

Answer:

tragedies

Explanation:

The three kinds of Greek playes were comedy, satyr plays, and tragedies

Samantha, who is trying to lose 25 pounds, found that she is able to maintain her diet when she eats alone. However, when she eats with her friends, she eats much more, including foods she should avoid. Samantha's eating behavior demonstrates ________/

Answers

Answer:

social inhibition

Explanation:

Based on the scenario being described within the question it can be said that Samantha's eating behavior demonstrates social inhibition. This term refers to the inability to perform a certain task when in the presence of others. Which is what Samantha is struggling with in this situation since she can only maintain her diet accordingly when she is eating alone, but seems to be unable to do so in the presence of her friends.

Other Questions
What were the Confederate soldiers trying to protect inManassas? If a dog is tied to a rope 15 feet long, how can it reach a bone30 feet away? The rope isn'tTE - TO - N - -HI-5.413.48.610.6 1.410 Read the lyrics from Natalie Merchant's song "Wonder." with love, with patience and with faith she'll make her way How might these words have inspired the author of the novel Wonder? They may have made the author decide that August's mother should have only two children, because raising a lot of children is hard work. They may have inspired the author to make August's character have to be homeschooled and his sister's character be able to go to a regular school. They may have made the author decide that August's character should be a boy to avoid any confusion between the novel and the song. They may have inspired the author to make August's character strong enough to face the challenges of a new school with the loving support of his family. Elliott Corp.'s transactions for the year ended December 31, 2020 included the following: Purchased real estate for $1,250,000 cash which was borrowed from a bank. Sold available-for-sale securities for $1,000,000. Paid dividends of $1,200,000. Issued 500 shares of common stock for $500,000. Purchased machinery and equipment for $250,000 cash. Paid $900,000 toward a bank loan. Reduced accounts receivable by $200,000. Increased accounts payable $400,000. Elliott's net cash used in investing activities for 2020 was a. $1,500,000 b. $ 500,000 c. $ 750,000 d. $ 250,000 What is the side length of a square with a perimeter of 52 meters According to economists, as a result of scarcity, people must __________. A.spend less money now so they have more in the futureB.realize that they can never have what they wantC.design ways to recycle more of what they ownD.make choices about how to use their resourcesPlease select the best answer from the choices providedABCD Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $120,000 Sales returns and allowances 900 Sales discounts 650 Merchandise inventory, January 1 35,000 Purchases during the period 77,600 Purchases returns and allowances during the period 4,100 Purchases discounts taken during the period 2,300 Freight-in on merchandise purchased during the period 1,250 Merchandise inventory, December 31 32,000 Determine the gross profit. Please select the correct definition for the given word. glasnost After chamar poured 2 liters of water into a large jug, the jug contained 10 liters of water. How many liters were in the jug to start Which enzymes break down proteins?A. LipasesB. NucleasesC. ProteasesD. Amylases Calculate the percent oxygen in sodium oxide. Whats the diameter of circle 0? Sulfurous acid, H2SO3, breaks down into water (H20) and sulfur dioxide (SO2).If only one molecule of sulfurous acid was involved in a chemical reaction, how many sulfur (S) atoms would be in theproducts? someone pls help me with this Do NOT mix ____________________ with used oil. A) Transmission oilB) AntifreezeC) Hydraulic fluidsD) Synthetic oil What is the difference in the Volume Formula for a prism and a pyramid. * A spa charges $125 for a one hour massage and $250 for apedicure + 90-minute massage package. One day, the spa had27 customers and made $5,250.How many massages, x, and pedicure + 90-minute massagepackages, y, did the spa perform? Express your answer as anordered pair (x,y).Enter the answer For a bookcase, Tim wants 6 shelveseach 28 1/2 inches long. What total lengthof shelving does he need? List 2 Northern disadvantages in the war 5. The numbers of blocked intrusion attempts on each day during the first two weeks of the month were 56, 47, 49, 37, 38, 60, 50, 43, 43, 59, 50, 56, 54, 58 After the change of firewall settings, the numbers of blocked intrusions during the next 20 days were 53, 21, 32, 49, 45, 38, 44, 33, 32, 43, 53, 46, 36, 48, 39, 35, 37, 36, 39, 45. (a) Construct a 95% confidence interval for the difference between the average number of intrusion attempts per day before and after the change of firewall settings. (b) Can we claim a significant reduction in the rate of intrusion attempts Steam Workshop Downloader