Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
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Answer:
B. Weber's law.
Explanation:
Weber's law: The Weber's law is also known as the Weber-Fechner law and is defined as the size of JND i.e, just noticeable difference (represented with delta I) is of constant proportion to that of the value of the original stimulus. In other words, the law states that the increment threshold ratio concerning the background intensity is similar.
Example: A person needs to shout to be heard by the person in any noisy place.
In the question above, the given statement best illustrates the Webers's law.
Answer:
A. How society maintain order
Explanation:
That's the answer to this question
Socialization
The process that teaches norms, values, and other aspects of culture to society's members is known as:
