Answer:
a. Horatio Alger
Explanation:
Horatio Alger -
He is a famous American writer , and his work include novels about young adults and the poor boys who rises up to become rich and happy , by their hard work , honesty , courage and determination.
The work where identified by " rags to riches " narrative.
Hence, from the given information of the question,
The correct answer is a. Horatio Alger .
The alternatives here are the command economy and a (pure) market economy.
The US economy is not a comman market economy because most of it is not centrally planned, as was the case in the Soviet Union.
However, The US economy is not a pure market economy because some of it is centrally regulated, for example certain substances are forbidden.
Answer:
c. they were all ruled by one king
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
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