The theory of comparative advantage is credited to David Ricardo.
<h3>What is Ricardo's theory of comparative advantage?</h3>
In economics, a comparative advantage occurs when a country can produce a good or service at a lower opportunity cost than another country.
The theory of comparative advantage is attributed to political economist David Ricardo, who wrote the book Principles of Political Economy and Taxation (1817).
Comparative advantage is a key principle in international trade and forms the basis of why free trade is beneficial to countries.
Eg; Consider two countries (China and the UAE) that use labor as an input to produce two goods: wine and cloth.
In China, one hour of a worker’s labor can produce either 5 cloths or 10 wines.
In the UAE, one hour of a worker’s labor can produce either 20 cloths or 15 wines.
The UAE enjoys an absolute advantage in the production of cloth and wine.
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Answer: D
Explanation: The correct answer is letter D, integrity vs despair.
This stages goes from 65 years approximately; in this stage there is a level of integrity related to have reached certain experience during its life but it also can prevail the feeling of despair where the person feels that their days are almost over and usually feel lonely. It is important in this stage that the person can live without restrains and let him/her feel supported.
D. Transcendentalism (boy what a tongue twister) was a movement in the early 1800's to avoid the mechanized urban society and seek nature. Waldo Emerson and Thoreau both were members.
The 13th Amendment abolished slavery in 1865. To protect the rights of newly freed people, Congress enacted two additional Constitutional amendments
I believe that its a description of “Liquefaction.” Hope this helps you.
