Two countries will have zero incentive to trade if their production-possibilities curves are parallel straight lines because <u>the opportunity costs for both the countries is the same, and one country has complete advantage in the good's production, which is why no incentive is provided for that country's trade.</u>
The term production possibility curve refers to the the graph where we see all the different combinations of output that can be produces using the present resources as well as technology.
Production possibility curve is also known as production possibilities frontier sometimes and they usually show tradeoffs as well as scarcity, through the graph.
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The answer is the right to safety
This right was designed to protect consumers against products or services that's hazardous for their live.
Thats why in the united states, false advertising could lead to a serious crime punishment
Answer:
(a) Adam Smith - Believed that that in a capitalist, free-market system, all economic agents are coordinated under "the invisible hand", and this results in the benefit of all of them.
(b) Thomas Malthus - Believed that while increased food production rose standards of living, the effect was only temporary, because the same rise in food supply lead to a rise in population growth, and there would a time when there would be too many people to be fed. (the Malthusian Catastrophe).
(c) David Ricardo - He opposed mercantilism, and argued instead that unrestrained free trade benefited every nations. This is because of the concept of comparative advantage: under a free trade systems, nations would specialize in those industries they do best, and import anything that they do not produce.
Answer: Temperature is the degree of hotness or coldness of an object. ... The temperature of an object, usually measured in degrees-Fahrenheit or degrees-Celsius, tells us how much heat, or energy, the object has.
