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.
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Because <span>dissatisfied employees will find a way to respond, most likely in ways that are harmful to the organization.
For examples, those employees could perform below the standard on purpose, steal the company's money, or even try to sabotage the deals that the company needs in order to advance its operation.</span>
Answer:
2. statement I and II only
We mostly celebrate this types of years
Answer:
The correct answer is General obligation bonds issued by a school district.
Explanation:
Alternative Minimum TAX (AMT) is the minimum amount at least taxpayers can pay. Its main purpose is to avoid having taxpayers not fulfilling their liability.
Economic instruments such as bonds issued for non-public purposes were items that could be used as preferential items when calculating Alternative Minimum Tax, but bonds issued for public reasons such as schools could not be preferential items. School bonds are free of taxes and AMT doesn't apply in this case.
