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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The answer is C but please correct me if I'm wrong. Give Brainliest if it isn't too much trouble
Answer:
The cotton gin was a very important technological adcance in the industrial revoulution because it significantly increased the coton production.
The telegraph improved comunications and started the era of information
Explanation:
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Your gonna need to look this up on wiki or ask , .com
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The excessive money spending by the government. There is no free lunch. If the government spend too much money in something, it is not going to have money to attend other needs.
