It has been predicted that this will be the worst economic downturn since 1929, but it will not be nearly as bad in my opinion. Right now, our government is doing its best to open up factories and businesses in attempt to save the economy and keep history from repeating itself.
Answer
Hi,
If the opportunity cost of producing a particular good is lower for one producer than another, the former producer has comparative advantage for producing the good.
Explanation
A comparative advantage occurs when a producer is able to produce goods by using fewer resources at a lower opportunity cost. Increasing the production of one good will mean that less goods for another can be produced. This theory is advantageous in free trade because a producer can be able to realize higher output gains by selling goods in which he or she enjoys comparative advantage.
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The Battles of Trenton and Princeton were important because they B) gave the Patriots confidence that victory was possible.