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3 years ago

Identify the three components of COMPARATIVE ADVANTAGE according to Riccardo:

Social Studies

1 answer:

Drupady [299]3 years ago

4 0

Answer:

Comparative advantage, economic theory, first developed by 19th-century British economist David Ricardo, that attributed the cause and benefits of international trade to the differences in the relative opportunity costs (costs in terms of other goods given up) of producing the same commodities among countries.

Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners. The theory of comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.

Explanation:

Hope this help you out

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Please help me it’s a midterm

ollegr [7]

Answer:

Explanation:

Graphs for Different Correlation Coefficients

Correlation Coefficient = +1: A perfect positive relationship. Correlation Coefficient = 0.8: A fairly strong positive relationship. Correlation Coefficient = 0.6: A moderate positive relationship. Correlation Coefficient = 0: No relationship.

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3 years ago

While wundt emphasized ____ and ____ reports during introspection, titchener used ____ and ____ introspective reports.

leva [86]

In Wundt's laboratory, introspection was used to assess immediate experience while Titchener came to favor the phenomenological method instead of the introspective method. I hope my answer has come to your help. God bless and have a nice day ahead!

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3 years ago

As cell phone technology became more prevalent, laws were changed to disallow cell phone use while driving to reduce accidents.

netineya [11]

Culture lag occurs when the laws were changed to disallow phone use—a technology that has become more prevalent—while driving to reduce accidents.

A theoretical phenomenon known as "cultural lag" occurs when advancements in material culture occur earlier or perhaps more quickly than advancements in non-material culture.

As a result, people may experience moral and ethical conundrums as new social norms emerge.

The sociological concept of cultural lag can be used to recognize and explain social conflicts, foresee and solve present issues, reduce accidents, and investigate how the adoption of new technologies can be challenging if a society is not ready for them.

Learn an example of a cultural lag in the US: brainly.com/question/14688771

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2 years ago

A psychologist who is studying the mathematical abilities of adults finds significant differences between the scores of adults b

Mice21 [21]

Answer:

The given situation is an example of cohort differences.

Explanation:

A cohort study is a form of study that samples a group of people that performs a cross section at particular intervals through time. Such a group is called cohort and it shares a defining characteristic, generally the one which experiences a common event in a particular period like graduation or birth.

Example: studying the mathematical ability of two groups of adults born 50 years ago and 25 years ago and analyzing the cohort differences in the scores of the test.

Therefore, the given situation is an example of cohort differences

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3 years ago

Which of the following is a major concern for North Korea today

spayn [35]

During the 90s hunger struck North Korea especially because of drought, flooding, and mismanagement from the government. Today the situation is better, but fear is still there, the countries geography and climate are difficult, mountains cover most of the country, erosion, and drought in the north aggravate things. The country is also closed to the outside world, what makes farmers don’t have access to modern agriculture machinery what makes food insecurity even worse.

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3 years ago

Identify the three components of COMPARATIVE ADVANTAGE according to Riccardo: ​

Identify the three components of COMPARATIVE ADVANTAGE according to Riccardo: