Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
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Answer:
A classroom is an important place for every child, it should be designed according to their age so that they take interest in learning, and in young children self-regulation will be developed.
Explanation:
Every child is different from the other child so we should design our classroom keeping a few things in mind;
* Design class sitting space so it can be changed as per the activity which helps them to collaborate and engage more with the teacher's help.
* Give them individual tasks so that they will become self-dependent.
* We can use a smart board to create interest in any topic in which they don't take interest.
* We can use good quotations on the wall so it can build moral value in children.
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Answer:
In the market for money, when the Fed increases the money stock, the money supply curve shifts to the right and the interest rate fall, everything else held constant.
Explanation:
