The Law of Comparative Advantage suggests that they can increase their total output of these two goods if jimmy focuses his production on footballs while James focuses his production on athletic shoes.
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What is Law of Comparative Advantage?</h3>
Comparative advantage can be described as the economy's ability that a comp[any posses in produce a particular good or service at a lower opportunity cost compare to her trading partners.
Therefore, Law of Comparative Advantage suggests that they can increase their total output of these two goods if jimmy focuses his production on footballs while James focuses his production on athletic shoes.
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Most people were engaged in agriculture as in the U.S. in 1820. They
farmed to feed and clothe themselves; in other words, they engaged in
subsistence agriculture. Most people did not own land. The land was
owned by a few, such as hacendados or the Roman Catholic Church.
There
were export sectors in economies. Exports were of two basic kinds:
agricultural and mineral. Argentina and Uruguay exported cattle hides
and salted beef. Bolivia exported silver and mercury; Peru: silver and,
later, guano; Colombia: precious metals and sugar; Brazil: sugar and,
later, coffee; and Mexico: silver, gold, and cotton. Most of these
exports went to Europe. Little went to each other. None of it in huge
volumes even in Argentina until the late 19th century. The countries
lacked capital, communications networks, and technology to develop the
export business. Besides, the upper class was able to meet its needs
without much economic expansion. Societies were run for the benefit of
the upper classes.
A).imperialism
B).colonalzation
c). direct democracy
d).represintative
<em>Tamara might do these steps to obtain employment at the school:
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</em>
<em>1. Since she is already working as a volunteer at the school, she can talk to the management to inquire for any vacancy which suites her skills.
</em>
<em>2. After she inquired for a position, she can begin creating her resume. A good resume can have a higher chance of her getting hired.
</em>
<em>3. After she created her resume, she can submit it to the management and get an application schedule.
</em>
<em>4. After she has the schedule, she can go on the agreed application schedule and do the interview and exams if there is any.
</em>
<em>5. She can wait for her application result.</em>
