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.
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Answer:
physical development
Explanation:
physical development in this context refers to increased functions and control over our own body. This allow toddler like Annette to gradually do more things with her body starting from crawling, standing, and eventually walking/running.
For average humans, physical development occurs until our late adolescence and start to deteriorate when we enter the age of 35 - 40 years old.
Yellow River to the north and the Yangtze<span> to the south,</span>
Answer:
all your answers are correct.
Explanation:
I took the test
