Answer:
C. Sweden will produce more chocolate than it would produce in the absence of trade.
Explanation:
Assume that Sweden has a comparative advantage in chocolate and Italy has a comparative advantage in wine. Also assume that Sweden has absolute advantage in both chocolate and wine. If the 2 countries specialize and trade so as to maximize benefits of specialization and trade, then <u>Sweden will produce more chocolate than it would produce in the absence of trade</u>.
If the 2 countries involve in trade Sweden will focus more in the production of the goods it has comparative advantage in producing and produce more to meet export demand to Italy.
Law of comparative advantage states that a country should produce more of the goods it has comparative advantage in producing and trade it for the good it has lesser comparative advantage in producing
"Traffic flow in the city improves" is the one circumstances among the choices given in the question that <span>would be a positive externality. The correct option among all the options that are given in the question is the fourth option or the last option. I hope that this is the answer that has come to your great help.</span>
Romans lived collapsed. Since 509 B.C., Rome had been famous for its system of cooperative and participatory government that combined executive magistrates with an aristocratic Senate and democratic assemblies. For centuries, the republic persisted, and no single man ever seized power. But within 100 years of Rome’s imperial victories in 146, the republican system would be dead. The triumph of the Roman Republic was simultaneously the beginning of the end of the Roman Republic.
The Washington Post. October 11 2005
A. Africa
It was mainly Africa but Asia was also dominated.