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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Answer:
The volume of the Pacific Ocean, representing about 50.1 percent of the world's oceanic water, has been estimated at some 714 million cubic kilometers or 171 million cubic miles.
Explanation:
This most clearly illustrates
"Classical conditioning".
Classical conditioning hypothesis
includes taking in another conduct by means of the procedure of affiliation. In
basic terms, two stimuli are connected together to deliver a recently learned
reaction in a man or creature. There are three phases of Classical conditioning. At each stage
the stimulus and reactions are given unique terms.
'Earls and barons are not to be fined except by their peers, and only in accordance with the nature of the offence'.
Clause 22: Nullus clericus amercietur de laico tenemento suo, nisi secundum modum aliorum praedictorum, et non secundum quantitatem beneficii sui ecclesiastici.
'No clergyman is to be fined on his lay tenement, except in accordance with the nature of his offence, in the way of others mentioned in previously, and not in accordance with the size of his ecclesiastical benefice'.
