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:
MILLENIALISM
Explanation: Millenialism is a believe propagated by some religions like christianity and Judaism that a new age will come on earth where all things will become new,they believe that the promised Paradise will soon take place on earth after this present time or age has come to an end.They believe it will happen before the final judgement by the Messiah. The Notion of Millenialism has made many of the adherents of these religions to attribute present happenings to the signs that the paradise is coming.
Answer:
D. Predictive validity
Explanation:
Predictive validity is one approach of criterion validity that predicts individual performance on some measure scores administered at a later date. The judgement of being conscientious came from an accumulated observation of the individual attendance over time which clearly illustrate predictive validity.
Answer: Stressor overload
Explanation: When two have been married for ten years as Ian and Joanne, then there are many problems that have not been resolved, not all, but there are many unresolved, and new ones always appear. All these problems arise from the large number of requests made each new day and require the reaction of the married couple in response. When these reactions are perceived as problems, sometimes for real reasons, sometimes for unrealistic ones, then these demanding reactions are experienced as problems, which become larger and cause new problems. The moment when the number of these problems becomes too large, it causes a certain breaking point in the physiological and psychological aspect of human beings, which is stressor overload. Then people become vulnerable to each and every problem due to the accumulated stress, and often cannot cope with problems that were once easily resolved.
1. Traditional - most traditional type of economy, and throughout the world many economies function this way. The areas with these economies are usually rural areas, or third world areas that are heavily dependent on farming. In this system, a surplus is rare, each member’s role is specific, and societies are closer knit along with more satisfied, although there is a lack of things such as technology and medicine that is more advanced.
2. Command - A big part of a command economy is controlled by power that is centralized such as the central government. A command system is the core of a communist economic system. The government is involved in most things big and small, along with owning most of the industries. most command economic systems tend to focus on things that are more valuable such as oil rather than jobs and other goods.
3. Market - economy is the free market have firms and households that act in their own self interest rather than in the interest of others. In a command economy the government keeps the profits while in a free market economy the forms and households keep their own profits. in a pure market economy there is no government intervention however none of this exists in the world. in this type of economy the central government in the market are completely separate so the government does not become too powerful.
4. Mixed - when different types of economies are combined this is called a mixed economy. this is usually a cross between a market economy and a command economy. in this type of economy the market is more or less free of government ownership except the government does own a few key things like transportation industries. sometimes in these economy as the government does regulate private businesses this is to use the best of both worlds to incorporate policies that are both socialist and capitalist to create a fair balance of both. most countries throughout the world have a mixed economic system.
