The standard of living is improved through something called "comparative advantages", which means that, relative to the nations' total output and ability to make other things, each nation produces something that they're better at making than the other. When the nations trade, they are able to use these comparative advantages to create a more efficient, productive economy.
Even if one nation is wealthier or better off than the other, this principle means that both countries can still become better off through trade.
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This quote is a critique of moral relativism and subjectivism. One approach to ethical philosophy is that morals are different for other cultures and individuals, and that there is no such thing as absolute good or bad exterior to the human mind and emotions. This quote disagrees, saying that their are exterior Moral absolutes.
Socrates was not a moral relativist, his were what is called Virtue Based normative ethics. He believed the virtue of WISDOM, knowledge of the good, was what made people do good. Anytime anybody does something bad it is because they are IGNORANT of the good thing to do. He reduced all evil to lack of education or misunderstanding the situation. Socrates believed that there was an absolute Good to know and not that each person had their own concept of good.
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ogden
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In 1819 Ogden sued Thomas Gibbons, who was operating steamboats in the same waters without the authority of Fulton and Livingston. Ogden won in 1820 in the New York Court of Chancery . Gibbons appealed to the U.S. Supreme Court, contending that he was protected by terms of a federal license to engage in coasting trade.
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Germany and Berlin would remain a source of tension in Europe for the duration of the Cold War. ... After the crisis of the Berlin Blockade in 1948-49, Europe became divided into two opposing armed camps - the US-backed NATO on one side, and the USSR Warsaw Pact , on the other.
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