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).
<u />
Learn more about comparative advantage here brainly.com/question/14846093
#SPJ4
Answer: C. . I and III
Explanation:
Scarcity occurs when our want and the needs are more than the available resources that we have. In this case, we will then have to make a choice to be able to choose from the different alternatives that we have.
When we make a choice, the cost of the other alternative that we left is refered to as the opportunity cost. Therefore, the correct options are:
• The "highest-valued alternative given up to get something" is the opportunity cost.
• Scarcity creates opportunity costs
The statement that wealthy economies don't experience opportunity costs is wrong. Every nation experiences opportunity cost.
I believe it is false. Hope it helps!
Answer:
The Renaissance typically refers to a period in European history approximately between 1400 and 1600. Many historians assert that it started earlier or ended later, depending on the country. It bridged the periods of the Middle Ages and modern history, and, depending on the country, overlaps with the Early Modern, Elizabethan and Restoration periods. The Renaissance is most closely associated with Italy, where it began in the 14thcentury, though countries such as Germany, England and France
Explanation:
Answer:
The detail from the book, "The Outsiders" that would best support Keno's thesis is:
C “If it hadn't been for the gang, Johnny would never have known what love and affection are.”
Explanation:
A thesis is a claim which is supported by the other statements in the passage or paragraph. It is the main idea in a write-up or speech. Facts and examples are subsequently given to support this main idea. A thesis is usually contained in the topic sentence.
Secondly, a family exists to offer love and affection. The only option that is relevant to the importance of the family is option C. This is why this option is chosen. Here, the gang serves as the family unit of the "greasers."
"The Outsiders" is a fictional novel by S. E. Hinton (1967) for adolescents. It condemns class conflict, which it describes as "pointless, unwarranted, and destructive."
