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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Answer:
genetics.
cultures is called anthropology,
The answer is: It borrows techniques from numerous subjects
Interdisciplinary field refers to the field that can only exist from the knowledge that derived from other fields.
When you are studying environmental science, you would notice that the subject would include knowledge from geography, physics, chemistry, and Biology at the same time.
In both the Democratic and Republican parties, a committee decides on the place and date of the national convention.
The Democratic-Republican Party was an American political gathering, shaped by Thomas Jefferson and James Madison in 1791–93 to restrict the bringing together strategies of the new Federalist Party keep running by Alexander Hamilton, who was then Secretary of the Treasury and boss designer of George Washington's organization.
The Constitution was written in 1787
