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).
<u />
Learn more about comparative advantage here brainly.com/question/14846093
#SPJ4
Answer: Mitigation of damages
Explanation: The concept of Mitigation of damages defines the action an individual or party who has suffered or incurred a loss arising from a breach of contract should take in other to lessen or mitigate the effect of the contract breach. This will lessen or reduce the loss incurred as a result of the breach caused by the other party. Once there is a breach of contract, Mitigation of damages becomes a duty on the party who has suffered a loss and should therefore, prevent increased 'avoidable loss' caused by the contract breach. Further losses incurred has a result of failure to mitigate damages won't be catered for by the party guilty of the breach of contract.
Answer:
The Immortals also known as the Persian Immortals was the name given by Herodotus to an elite heavily-armed infantry unit of 10,000 soldiers in the army of the Achaemenid Empire. This force performed the dual roles of both Imperial Guard and standing army. Wikipedia
The answer to this question is D
Answer:
Renaissance humanism was a revival in the study of classical antiquity, at first in Italy and then spreading across Western Europe in the 14th, 15th, and 16th centuries. During the period, the term humanist referred to teachers and students of the studia humanitatis—meaning the humanities including grammar, rhetoric, history, poetry, and moral philosophy. It was not until the 19th century that this began to be called humanism instead of the original humanities, and later by the retronym Renaissance humanism to distinguish it from later humanist developments. During the Renaissance period most humanists were religious, so their concern was to "purify and renew Christianity", not to do away with it. Their vision was to return ad fontes to the simplicity of the New Testament, bypassing the complexities of medieval theology. Today, by contrast, the term humanism has come to signify "a worldview which denies the existence or relevance of God, or which is committed to a purely secular outlook".
