Answer
Hi,
If the opportunity cost of producing a particular good is lower for one producer than another, the former producer has comparative advantage for producing the good.
Explanation
A comparative advantage occurs when a producer is able to produce goods by using fewer resources at a lower opportunity cost. Increasing the production of one good will mean that less goods for another can be produced. This theory is advantageous in free trade because a producer can be able to realize higher output gains by selling goods in which he or she enjoys comparative advantage.
Best wishes!
The Iron Curtain <u>symbolized the ideological conflict and physical</u> boundary dividing Europe into two separate areas from the end of the World War ll in 1945 until the end of the Cold War in 199....
King Whilhelm was like in some way threabted by Bismarck, he took him off his position. think of bismarck like a luxurious car and while the roi as a like toyota
Answer: During the Revolutionary War, the British maintained a series of prison ships in New York Harbor and jails on shore for prisoners of war. Due to brutal conditions, more Americans died in British jails and prison ships in New York Harbor than in all the battles of the American Revolutionary War.
Explanation:
