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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Andrew Jackson and his supporters responded to the “corrupt bargain” of 1824 by quitting the Federalist Party.
The analyst
is determining the direction of the public opinion. By understanding the direction
of the public opinion, an analyst will find which position does the majority of
people hold into. The direction could be a positive or a negative direction.
<span>I believe the correct answer from the choices listed above is option A. Students in the Indian boarding schools were forbidden from speaking in their native languages. Also, traditional names were replaced by new European-American names. Hope this answers the question.</span>
