Answer:
Absolute advantage: The ability to produce more cheaply.
Comparative advantage: The existence of lower opportunity costs than competitors.
Specialization: The performance of a particular task within an economic system.
Protectionism: The existence of barriers to free-flowing trade.
Explanation:
The four terms that are defined above have to do with trade and the economic theories behind the different trade policies that countries employ. Protectionism is employed when countries want to avoid trade with outside countries and to lower competition with outside countries. Therefore, a country may impose tariffs that make importing goods very expensive. A country will have an absolute advantage in a product if they can make it much cheaper than another country. For example, timber products in Canada will cost less because they have an abundance of forests compared to other countries. A country may have an absolute advantage in one industry but that still may not be its comparative advantage. The country will have to weigh the trading opportunity costs are. Say that one country has no farmland but it has lots of oil. The other country has farmland and oil, but is willing to forgo trading oil in order to trade food for oil with the other country because the opportunity costs for forgoing oil are lower. Now the second country has a comparative advantage in food and the first country has a comparative advantage in oil. David Ricardo believed that comparative advantage would lead to specialization as in countries would specialize in the products they have a comparative advantage in.
Answer:
Tyrant, Greek tyrannos, a cruel and oppressive ruler or, in ancient Greece, a ruler who seized power unconstitutionally or inherited such power. ... Thus, the opportunity arose for ambitious men to seize power in the name of the oppressed.That model was emulated across Greece in the 5th and 4th centuries BCE, as new tyrants emerged by creating military states. These tyrants maintained control by expanding the spheres of power controlled by their city-states.
Explanation:
Answer:
With the failure of the so-called "Spring Offensive" on the western front.
Explanation:
Also called Kaiserschlacht (translated as "Battle of the Emperors" or "The Battle of the Kaiser", and referred to by the British as "The Great March Retreat"
it would be the last great offensive of the German army during the First World War in honor of the Kaiser William II. It lasted from March 21 to April 5, 1918, being the largest isolated attack of the entire war.
The main objective was to conquer the city of Amiens but after hard and long fighting, General Ludendorff gave up the battle and with it the necessary progress to stop the Allied troops.
Despite this setback, the Germans were very close to achieving their goal of giving the Allies a hard setback. The land gains were higher than all those made by British and French on the western front since the beginning of the war, reaching some points to deepen almost 60 km. The allies suffered about 250,000 casualties, including 90,000 captured British soldiers. For their part, the Germans also suffered a high number of casualties, 240,000.
It is possible that if Amiens had succeeded, the result of the offensive would have been completely different, but the truth is that Ludendorff had not realized the importance of this strategic point. Now the Germans, despite still having the initiative, were in a very vulnerable position.
Answer: The Human Development Index is a search for components of society's progress towards economic and social achievement.
Explanation:
There are three dimensions to human development:
- life expectancy is achieved by the ability to live a long and healthy life,
- education achieved is achieved through the ability to acquire knowledge,
- the standard of living made is achieved through the ability to provide a decent income for life.
Answer:
slave owners would use violence as a way of assuring and maintaining their the slaves and would try to make sure they didn't come together in large groups to prevent them from rebelling against the slave owners.
Explanation:
