Sub-Saharan groups were influenced by Hindu beliefs brought in through east African trading ports such as Kilwa. Animistic religion, belief in the power of natural forces personified as deities, characterized much of Africa.
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
Answer is D. 7;1
There are currently 7 billon people living on the earth today.
Answer:
in the time it takes to identify the situation, enact a policy, and allow it to work, economic circumstances may have changed.
Explanation:
Fiscal policies would be specifically designed to address one particular economic condition.
When there are time lags in enacting and applying fiscal policy,the economic condition in the country could also be changed. Because of this, by the time the policies are enacted, they are no longer suitable to solve the problem that arise on the current economic condition.