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:reciprocity
Explanation: Reciprocity is a norm amongst people which is due to the act of kindness committed by one person to us ,that result to us feeling encouraged and motivated to commit the act of kindness back to those people , it is a norm of sharing out of the kindness of our heart because people have also been kind to us.
What we are looking for is the confidence interval.
Given:
Sample it is denoted by n = 10
Mean = 80
Standard deviation = 12
Confidence Interval = 99%
Now compute for the margin of error, the formula is Za/2 * σ/√(n)
A 99% level of confidence has a critical value of zα/2 = 2.58.
The standard error is σ/√(n) = 3.162
Multiply 2.58 by 3.162 = 9.8 is the margin of error.
The formula for confidence interval is x̅ ± Za/2 * σ/√(n)
= 80 ± 9.8
= 70.2 < x< 89.8
Answer: Voters can be overwhelmed and vote by randomly guessing.
It puts too much of the onus of learning about the issues and candidates on voters.
It can include, state, local, municipal, national and federal candidates.
The answer is C. In 1954 McCarthy was ousted from American political life as his actions were exposed to the American people. He was censured by the Senate for attacking the army. He lost his power though he kept his job. He died in 1957 due to his alcoholic addiction.
