The theory of comparative advantage is credited to :_______

Social Studies

1 answer:

Viefleur [7K]1 year ago

3 0

The theory of comparative advantage is credited to David Ricardo.

<h3>What is Ricardo's theory of comparative advantage?</h3>

In economics, a comparative advantage occurs when a country can produce a good or service at a lower opportunity cost than another country.

The theory of comparative advantage is attributed to political economist David Ricardo, who wrote the book Principles of Political Economy and Taxation (1817).

Comparative advantage is a key principle in international trade and forms the basis of why free trade is beneficial to countries.

Eg; Consider two countries (China and the UAE) that use labor as an input to produce two goods: wine and cloth.

In China, one hour of a worker’s labor can produce either 5 cloths or 10 wines.

In the UAE, one hour of a worker’s labor can produce either 20 cloths or 15 wines.

The UAE enjoys an absolute advantage in the production of cloth and wine.

To learn more about Comparative advantage, refer

brainly.com/question/4302332

#SPJ4

You might be interested in

Men are more likely than women to engage in sexual harassment, just as most victims of this offense are women. This is true prim

olchik [2.2K]

Answer:

A. are innately more assertive than women.

B. are larger and stronger than women.

C. are more likely to break the law.

D. hold most positions of power in society

8 0

2 years ago

Difference between buddhism and zen

Aleks04 [339]

Buddhism is a religious, philosophical and spiritual doctrine and has as its precept the reincarnation of the human being in order to bind us to the sufferings of the material world.

The name Zen is the name attributed to a Japanese philosophy (Ch'na) that had its origin in China around the 7th century and was then taken to the land of the rising sun. There is an association of Zen Buddhism with the Buddhist strand known as Mahayana. The basis of this strand is in the so-called zazen that would be in free translation "meditate seated".

3 0

3 years ago

Initial vertical placement on the teacher salary schedule is most commonly determined by

natulia [17]

The answer for this question is: <span>Previous teaching experience
Experienced teachers tend to have a larger spectrum of knowledge about the subject that they expert in.
Not only that, they also have developed a certain people skill that make them able to transform the knowledge to students more efficiently compared to inexperienced teachers</span>

7 0

3 years ago

Younger adults are more likely to have more possible selves but less likely to believe they can attain them.

daser333 [38]

"Younger adults are more likely to have more possible selves but less likely to believe they can attain them." is false

This is further explained below.

<h3>What are adults?</h3>

Generally, An adult is a person who has reached complete maturity and development. A person is considered an adult once they reach the age at which they are held to be legally accountable for their conduct. The fact that he was now an adult was shown by the fact that he had become a parent. Children less than 14 years old are required to travel with an adult.

In conclusion, It is not true that younger persons are more likely to have a greater number of potential selves, but they are less likely to feel that they can achieve those selves.