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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The appropriate response is Joint Interagency Coordination Group (JIACG). It is an interagency staff gather that builds up to normal, convenient, and collective working connections amongst nonmilitary personnel and military operational organizers. A large portion of these destinations require the joined and facilitated utilization of the discretionary, enlightening, military, and monetary instruments of national power.
In the starting parts of the book they
have a traditional father-son connection but as we go further in the reading of
the novel we see in chapter four that the father is beaten and that should have
called for a compassionate response Elie but instead he is overpowered by the
feeling of anger and as Eliezer is the stronger one now, they do not have
anyone else, just each other.
<span>At the end another change is noted when
Eliezer’s father passed away, he is feeling a sense of relief which in later
part of his life he regrets.</span>
“1. Delegated (sometimes called enumerated or expressed) powers are specifically granted to the federal government in Article I, Section 8 of the Constitution. This includes the power to coin money, to regulate commerce, to declare war, to raise and maintain armed forces, and to establish a Post Office.” This is the powers
Answer:
Fourthly, the second battle of Tarain paved the way for further military conquests in India by the Muslims. Between 1192 and 1206 the Turkish rule had extended over the Gangetic plains of Bihar and Bengal. Fifthly, the battle paved the way for foundation of the Muslim rule in India.
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