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.
To learn more about Comparative advantage, refer
brainly.com/question/4302332
#SPJ4
The integrity of the Texas judicial machine has been questioned normally due to the fact maximum JPs do not have complete information of the laws at any level, permitting anyone who involves a criminal offense who has a fundamental understanding of the law to get away with punishment within a court. Many judicial choices were devalued due to this case, which induced the entire judicial system to be wondered.
To prevent this from occurring, Texas has sought to set up necessities for the affiliation and participation of JPs in state courts, so that the best humans with efficient prison potential and know-how of local and federal legal guidelines will participate.
The most immediate cause of the Texas Revolution was the refusal of many Texas, both Anglo and Mexican, to simply accept the governmental changes mandated by "Siete Leyes" which placed nearly general power in the fingers of the Mexican national authorities and Santa Anna.
Learn more about Texas here: brainly.com/question/6203610
#SPJ4
