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:
How do the narrow ribbons of sand that line the Atlantic and Gulf coasts ... Barrier islands protect about 10 percent of coastlines worldwide.Such as reducing coastal erosion, purifying water and providing habitat for fish and birds. New islands can form out in the ocean, either because local sea level.
To protect the coast by blocking wind, water and sand
Explanation:
Answer:
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Explanation:
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Answer: External opportunity
Explanation:
According to the given question, the Christopher corp. is one of the multinational technology company that basically works on the new program and based on the SWOT analysis the company is considering the new program as an external opportunity.
The external opportunity is helps in improve the overall performance and also the competitive advantage in the market. It basically include the social, legal and the political factors that helps in provide the benefits of an organization.
Therefore, External opportunity is the correct answer.