Given the option of being self-sufficient or trading with others as long as <u>comparative</u><u> </u><u>advantage</u> a exists, there will be potential for trade to make both parties better.
Comparative advantage is an economy's potential to produce a specific appropriate or provider at a decreased possibility fee than its buying and selling partners. The concept of comparative gain introduces possibility value as a thing for evaluation in selecting between one-of-a-kind alternatives for production.
Comparative advantage, monetary idea, first evolved by using nineteenth-century British economist David Ricardo, that attributed the cause and blessings of an international alternative to the differences within the relative opportunity costs (prices in phrases of different goods given up) of producing the identical commodities among international locations.
In an economic version, retailers have a comparative gain over others in generating a selected correctly if they are able to produce that suitable at a lower relative possibility value or autarky price, i.e. at a lower relative marginal value previous to change.
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Answer:
They started country's there because they wanted to expand their wealth and power to compete with France and Spain. They were also hoping to find gold in America
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Answer:
Option B, in the case of an emergency
Explanation:
Emergency acquisition for emergency situations do not follow set contract actions in emergency situation the government limits the number of sources and also reduces the full and open competition for bidder selection. Instead they prefer to bid contract to the known party and start the emergency work as soon as possible
Hence, option B is correct
Answer:
The Ring of Fire is a series or chain of volcanoes along the outer basin of the Pacific Ocean. Many of the islands of Southeast Asia were formed by volcanoes that are part of this chain. The Ring of Fire is dangerous and dynamic because many of these volcanoes are still active, meaning they can erupt at any time.
Explanation:
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