Answer:
Absolute advantage: The ability to produce more cheaply.
Comparative advantage: The existence of lower opportunity costs than competitors.
Specialization: The performance of a particular task within an economic system.
Protectionism: The existence of barriers to free-flowing trade.
Explanation:
The four terms that are defined above have to do with trade and the economic theories behind the different trade policies that countries employ. Protectionism is employed when countries want to avoid trade with outside countries and to lower competition with outside countries. Therefore, a country may impose tariffs that make importing goods very expensive. A country will have an absolute advantage in a product if they can make it much cheaper than another country. For example, timber products in Canada will cost less because they have an abundance of forests compared to other countries. A country may have an absolute advantage in one industry but that still may not be its comparative advantage. The country will have to weigh the trading opportunity costs are. Say that one country has no farmland but it has lots of oil. The other country has farmland and oil, but is willing to forgo trading oil in order to trade food for oil with the other country because the opportunity costs for forgoing oil are lower. Now the second country has a comparative advantage in food and the first country has a comparative advantage in oil. David Ricardo believed that comparative advantage would lead to specialization as in countries would specialize in the products they have a comparative advantage in.
Both MLK and Rosa Parks taught not only African Americans, but also Caucasian Americans that that they both can coexist. However, during those times most of the Caucasians still did not want to listen, same as the African Americans. Nowadays this topic is very sensitive and is taught briefly in school and often only told one side of the story. However, is make African american men and woman know their rights, and that they can stand up for themselves.
~I hope this helped!
I am, yours most sincerely,
Joshua A. Bunn
Answer:
The Battles of Vicksburg and Gettysburg change the course of the Civil War in that it marked the end of the Confederacy it also predicted the end of slavery, and that the Union would win.
Explanation:
it increased the North's will to win the war, and it gave the North a reason to keep fighting and to win the Civil War.
(the british gained almost all of france's north american territories) which led to the colonies being in debit with Great britain and the british did not let them move west till the debt was paid and this was the a event leading to the Civil war.
