Answer:
International trade theory
Explanation:
International Trade Theory has emerged to understand and explain the mechanisms that lead nations to specialize and market goods and services. To this end, the theory explains the concepts of domestic demand, international rivalry, and the endowment of factors of production (capital, labor, and natural resources) that each country has to suggest that all countries can benefit through international trade if each country specialize in where it has a comparative production advantage.
Comparative advantage is an economic concept that aims to explain differences in production and trade between two different countries or nations, based on the same product. The idea is to analyze which stakeholder has the lowest opportunity cost of the same good. Opportunity is a concept associated with productive efficiency, which aims to measure how much a country fails to earn in other activities when deciding a given good. Thus, the country with the lowest opportunity cost will have higher productive efficiency and consequently will have the comparative advantage in the production of the good. Thus, this country will specialize in the production of this good and other countries will produce other goods for which their respective opportunity costs are lower. Then countries trade products in international trade and everyone wins.
the first world war stated on July 28 in the year 1914... well it ended on November 11 in the year 1918
Advantage: more rain if you don't get much rain. Disadvantage: floods houses and buildings
Answer:
A. false consensus
Explanation:
False consensus: In psychology, the term false consensus is defined as a cognitive bias which is considered to as an attributional type in which an individual tends to overestimate the degree to which his or her beliefs, values, habits, opinions, and preferences are considered as typical and normal as compared to others.
Due to false consensus, an individual believes that the other person is more similar to him or her than the person is.
In the question above, the given scenario best exemplifies the false consensus effect.
