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Explain why the age structures of transitional countries have some properties of a least developed nation and some properties of a most developed nation?
Yes.
What is the color black associated with?
The Gangster Disciples Nation.
What island nation made millions from phosphate?
Nauru
Which term describes the amount of money the nation owes?
Debt
When diverse peoples form a single nation what has occurred?
unification
What is an example of a nation having an absolute advantage in the production of a product?
For example, Brazil has an absolute advantage over the United States in the production of coffee; the nations of the Middle East have an absolute advantage over the United States in the production of crude oil.
Under what conditions does a nation have an absolute advantage in the production of a product?
When a nation can use fewer resources to produce the same amount of a product, it has an absolute advantage in the production of that product.
What has China had an absolute advantage in producing?
They have an absolute advantage in making adult pleasures such as dildos and vibrators. Who knew the Chinese were such a horny nation.
The ability to produce a specific product more efficiently than any other nation?
absolute advantage
What nation is the leading producer of coffee?
Brazil is the world leader in coffee production, the produce over 2 million metric tons per annum.
What is David Ricardo's comparative cost theory of international trade?
The theory states that even if a country can produce both commodities more than the other there is still the need to specialze in the production of a particular commodity of which she has the lowest cost advantage and exchange it for the other, for trade between countries to be mutually benefitial."all things being equal".ASSUMPTIONS:1- there are only two countries in the world.2- there are only two commodities.3- trade between two nations are not restricted.by; ICE
What is the term used to describe the ability to produce a specific product more efficiently than any other nation?
Absolute Advantage
What is the implication for free trade of the theory of comparative advantage?
Under the theory of comparative advantage two nations that each have a cost advantage in the production of a specific product would both benefit from free trade by selling to each other since the total output of both nation's products sold would increase. The mathematical theory of comparative advantage was formalized by David Ricardo in 1817 and hence became known as the "Ricardian model." Economists have long debated the usefulness of the comparative advantage model in the real world since it is counter-intuitive to many people due to the fact that the model is based on two countries producing only two goods and only one factor of production (such as labor). In addition, the model computes comparative cost advantages based on which nation produces goods at a lower opportunity cost which implies that a nation would have to forgo the production of other goods in order to achieve the lowest comparative advantage. Many economists and student of foreign trade prefer to use the theory of absolute advantage in production which is easy to understand since it is intuitive. Under the absolute advantage theory two countries that each produce a particular good at a much lower cost than the other would both become wealthier as they increased production to sell their goods to each other.
Can there be trade between two nation even if one has absolute disadvantage?
Yes, and not only that, but such trade can be profitable for both countries due to comparative advantage.
What was the Production Budget for The Birth of a Nation?
The Production Budget for The Birth of a Nation was $110,000.
What does Virginia raise?
Some of the crops raised in Virginia include tobacco, apples, grapes, peaches and nectarines, peanuts, tomatoes, and sweetpotatoes. In 2000, Virginia ranked 6th in the nation for apple production, 13th in the nation in grape production, 17th in the nation in peach and nectarine production, 9th in the nation in peanut production, 8th in the nation in sweetpotato production, and 3rd in the nation in tomato production.
Is this sentence a fragment Leading the nation in the production of automobiles?
Yes, it is. There is not a subject. What is leading the nation in the production or automobiles? hope this helps
