<span>The quantity supplied of labor increases when governments establish a minimum wage</span>
Answer:
A preamble is a brief introduction to a speech, like the Preamble to the Constitution that starts out "We the People of the United States, in Order to form a more perfect Union...do ordain and establish this Constitution." Preamble comes from the Latin praeambulus which means "walking
Answer:
Comparative Advantage (David Ricardo classical theory of international trade)
Explanation:
In an economy in autarky (does not trade with other countries) only goods produced in the country are consumed, while in an economy that trades internationally, excess production can be traded of a good in which there is comparative advantage (better conditions of production of a good) for other goods that are more expensive due to infrastructure issues and other variables to produce in the country.
This theory was developed by David Ricardo (English economist), who founded international trade under the assumption that countries improve their profit and consumption by trading internationally.