Answer
Hi,
If the opportunity cost of producing a particular good is lower for one producer than another, the former producer has comparative advantage for producing the good.
Explanation
A comparative advantage occurs when a producer is able to produce goods by using fewer resources at a lower opportunity cost. Increasing the production of one good will mean that less goods for another can be produced. This theory is advantageous in free trade because a producer can be able to realize higher output gains by selling goods in which he or she enjoys comparative advantage.
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Answer:
Japan was devastated.
Explanation:
Industries and transportation networks were crippled, shortage of food and water, the Japanese war machine was completely destroyed. The emperor of Japan lost all political power. In short, the country was in ruins.
There has been a debate about border control. Donald Trump wants to take action through buidling a wall along the border but the democrats do not want this. This creates a policy gridlock, where no policy is passed due to each party not wanting the other party to get its way.
Answer:
Among the options given on the question the correct answer is option C.
Competition and inequality are necessary for human advancement.
Explanation: Andrew Carnegie was one of riches business man in USA during after 1800. He was the owner of the Carnegie steel and one of best seller of steel in the USA and around the world. He had $13.1 billion when he sold his business.
Besides,being a businessman he was a renowned philanthropist and business philosopher. In 1889, in an article titled "Gospel of Wealth" he mentioned about the Law of Competition which was written by himself. He said,"While the law may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department."
Though his statement, he tried to support his theory about law of Competition. Because he believed that competition makes the mentality to serve the best. When there is any inequality, it inspires someone to gain wealth and balance the rich poor difference.
So, according to the business philosophy of Carnegie " Competition and inequality are necessary for human advancement" describes his philosophy.
Answer:
The peasants would be unable to provide enough for the quotas and so their goods were simply taken away from them and instead were given to the cities and the military. Millions of peasants as a result would starve to death and would end up moving to the cities where all of the food was being sent.Explanation: