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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Within the Article VI, Section 3 of the United States
Constitution, we can find a clause which is called as the “No Religious Test
Clause”. By simple terms, this clause means that no federal office holder or
employee can be mandated to stick on to or believe any particular religion or
doctrine as a requirement to holding a federal office or a federal government
job.
However there are eight states which do required
officeholders to adhere even with the passage of this constitution. These
states are Texas, Massachusetts, Mississippi, Maryland, North Carolina,
Pennsylvania, South Carolina, and Tennessee. This is because these e<span>ight states include language in their
constitutions which requires state officeholders to believe in a particular
religion or specifically protecting those who do. Additionally, some of these
states have the words “so help me God” in the oath of office.</span>
Answer:
True
Explanation:
Wealth, power and prestige are unequally distributed among people around the world. As a result, individuals in societies around the world can be easily grouped according to how much wealth, power and prestige that they possess.
Such grouping known as Global Stratification classifies individuals around the world according to their different lifestyle and life chances due to unequal distribution of wealth, power and prestige. Such classification draws attention to the inequalities between people in different countries of the world.
