According to the principle of comparative advantage Charles Woodson plays defensive back rather than receiver for the Green Bay Packers because his advantage as a defensive back exceeds his advantage as a receiver.
Option: B
Explanation:
The theory of comparative advantage depicts how a country can produce more goods instead of utilizing less services. In this way advantage of produced goods will be more in comparison with utilized services. When the profit margin exceeds used cost ratio it establish comparative advantage theory.
It is mainly effective in international trade and commerce where many goods are being imported and exported and taxes are collected on the basis of profit margin. Richardo establishes the theory of comparative advantage.
A cartel differs from a monopoly in that businesses making the same product agree to limit production. The definition of a cartel is "in economics, a cartel is an agreement between competing firms to control prices or exclude entry of a new competitor in a market."
Answer:
C. It decreased the number of goods available
Explanation:
Answer:
Petition of Right, (1628) petition sent by the English Parliament to King Charles I complaining of a series of breaches of law. The petition sought recognition of four principles: no taxation without the consent of Parliament, no imprisonment without cause, no quartering of soldiers on subjects, and no martial law in peacetime. See also petition of right.
Explanation:
