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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Indentification
the process by which according to Freud, children incorporate their parents values into their developing superegos
Answer:
Boiling the cocoon helps to dissolve the adhesive that sticks the fibres together. If cocoon is not boiled, the <u>fibres obtained will be brittle,</u> and we will get fragments of the thread instead of a long continuous silk thread.
The question is ask to list four new inventions, design or ideas of the 1780's, base on my further research and listing, the following are the answer and I do hope you are satisfied with my answer and feel free to ask for more
#1 Ice Cream
#2 Mayonnaise
#3 Piano
#4 Light bulb
