A capital-intensive country exports products that are capital intensive. which theory is this an example of International trade theory.
Heckscher-Ohlin theory, in economics, a theory of comparative advantage in international trade according to which countries in which capital is relatively plentiful and labor relatively scarce will tend to export capital-intensive products and import labor-intensive products.
while countries in which labor is relatively plentiful and capital relatively scarce will tend to export labor-intensive products and import capital-intensive products.
The theory was developed by the Swedish economist Bertil Ohlin (1899–1979) . For his work on the theory, Ohlin was awarded the Nobel Prize for Economics .
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<u>Answer:
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Psychosocial development refers to how our mind is changing
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<u>Explanation:
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Psychosocial development or the "Theory of psychosocial development" as defined by Erikson with the help of Joan Erikson constitutes eight stages from infancy to adulthood which an individual must successfully pass in order to have a healthy development. There are various goals all along the way created by conflicts and consequences, that must be met.
If an individual reconciles with the conflicts of one stage, he emerges from that stage with the associated virtue of the same. If he fails to do so, these might present as conflicts later again in the subsequent stages which he will have to solve later. Each of these stages is temporary and the success in the previous stage is not a prerequisite to enter into the next one.
Answer:
The state had just over 30,000 Free Negroes.
Explanation:
Answer:
A. People with lower incomes have the same goods as the people with higher income.
B. People wait in long lines for cheap goods.
Explanation:
The command economy is a type of system in which the government plays the leading role in planning and regulating goods and services to be produced by the country. The state authority determines the type of goods and services to be produced and supplied, as well as the quantity and price that will be offered on the market. If this kind of economy is done in the right way, society favors social welfare and equity rather than profiting in this scenario, low-income people would have opportunities to own the same goods as higher-income people.
However, generally this kind of economy generates great shortage of products making people have great difficulties waiting in long lines for cheap goods.
