When the novel made its first appearance in the 1700s, it appealed
to all classes of people because they could identify with the stories of
everyday life. It felt like they were the people in the novel, which in this
case does have a slice of life genre.
Land claimed by Portugal actually belonged to Spain.
Ur answer would be B. Trade Became Much Easier.
<span>I am Romulus Augustus! </span>
Answer:
Yes there would be a gain to the United States from importing any of those products from Britain because it only has absolute advantage not comparative advantage.
Explanation:
Absolute advantage in international trade is the ability of a nation to produce more goods with its resources without considering that there might a better alternative to which resources can be deployed that would yield more output compared to its trading partners.
While on the other hand ,comparative advantage is when a country has a lower opportunity costs in producing an item compared to its rival nations.
Which means the country that has comparative advantage is given up less opportunities when producing its desired goods viz-a-viz its competing nations.
In other words,absolute advantage does not guarantee efficiency,only comparative advantage does.
