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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State Government Under the Tenth Amendment to the U.S. Constitution, all powers not granted to the federal government are reserved for the states and the people. The U.S. Constitution mandates that all states uphold a "republican form" of government, although the three-branch structure is not required.
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They originally practiced Polythiestic religon.
The Sumerians practiced their own religion with their own complex pantheon of deities. The Sumerians have some of the oldest written language in human history, which is why their religion is known. The gods were believed to be involved in every aspect of life according to ancient Sumerians. The supreme god of their religion was named An, but worship often centered on his son, Enlil, the god of storms and wind. Sumerians worshipped in large temples called ziggurats, which resembled pyramids in a way. Sumerian religion would influence other world religions. Akkadian religion features deities that are similar to Sumerian ones. Even stories in the Old Testament resemble Sumerian stories. For example, Noah's flood is similar to a flood in Sumerian religion.
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