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Rufina [12.5K]
3 years ago
12

The gains from trade are a. a result of more efficient resource allocation than would be observed in the absence of trade. b. ev

ident in economic models, but seldom observed in the real world. c. evident in the real world, but impossible to capture in economic models. d. based on the principle of absolute advantag
Business
1 answer:
uranmaximum [27]3 years ago
6 0

Answer:

The answer is: a

Explanation:

Gains from trade arise as a result of comparative advantages. A country has a comparative advantage if it is able to produce a good or provide a service more efficiently than another country given its resources. A country has an absolute advantage if it can produce more of a good or provide more of a service given that the resource quantities are the same. Gains from trade increase the consumption possibilities of a country by increasing specialisation in areas where the country has comparative advantages and trading in areas where they do not have comparative advantages. Gains from trade are evident in the real world as countries have entered into trade agreements to foster such gains, a prominent example would be the European Union.

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Discuss the trolley experiments Spur and Fat Man with specific reference to how the two have distinct differences within the Doc
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Answer:

In the "Spur", the choice is between killing five strangers or one loved one. You could pull a lever to redirect the train coming at the five men. You would still be killing the one man tied to sidetrack, but you would save the lives of those other five men.

In the "Fat Man", a runaway train is coming toward five men that are all tied down to the tracks. The train has to be stopped in order to save the lives of those five men. You are the onlooker of this scenario, and you are standing on top of a footbridge looking down at the train situation. There happens to be a fat man standing next to you, and he is a complete stranger. You have the option of pushing him off the bridge in order to save those five men, but you would end up killing the fat man. The philosophical question is whether or not you would kill the fat man in order to save those five lives.thexplanation:

The reason that this scenario is different morally is that you would physically have to push this fat man onto the tracks when he was not in the path of that oncoming train.

The whole concept of the trolley problem is based on the Doctrine of Double Effect (DDE). This doctrine basically states that if you are doing something morally good, which has a morally bad side-effect, it is still ethically okay to go through with that morally good action.

In Spur you don't have to push anyone in the way of the train, you just redirect the train by using a lever. Fat Man scenario is seen as worse because he wasn't in the path of the train. You push him into the path of an oncoming train. Seen as morally worse.

7 0
4 years ago
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Task identity is referred to as or known as an overall extent that a task is done from its start point to the finish point. The overall degree to which result is visible or predicted. Task identity is known to be a critical and an important element of the job satisfaction. Task identity is referred to as a vital element of a job characteristic alongside skill variety, task significance, feedback. and autonomy.

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the under-supply problem associated with free-riders and public goods can be solved by making the good or service more excludable

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A public good is a good that is both non-excludable and non-rivalrous in economic terms. Users cannot be denied access to or use of such goods for failing to pay for them. Furthermore, use by one person neither prevents nor reduces the availability of others.

A public good is a commodity or service that is made available to all members of a society in economics. These services are typically administered by governments and funded collectively through taxation. Law enforcement, national defense, and the rule of law are examples of public goods.

Defense, lighthouses, streetlamps, and clean air are all examples of public goods. They are all non-exclusive and non-rivalrous in terms of the public good.

To know more about public goods follow the link:

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App to check all three credit scores at the same time??​
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