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What statement illustrates the law of comparative advantage?
a country that makes the good it produuces
What is the modern theory of international trade?
The modern theory of international trade works on assumptions of the law of comparative advantage. The comparative advantage arises as a result of differences in the various regions.
Having a carpenter rather than a doctor shingle your house is and example of which of these?
The law of comparative advantage.
Has any company ever get comparative advantage in all good?
comparative advantage
Which term applies to this situation You ask a straight A math student rather than a D math student for help with your homework?
Law of Comparative AdvantageLaw of Comparative advantage
What term applies to this situation having a mechanic rather than dentist work on your automobile?
law of comparative advantage
The western southern and northern sections of the US just before the Civil War would be examples of?
The law of comparative advantage
The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost?
law of comparative advantage(Kaylop)
The law of comparative advantage was developed by who?
The law of comparative advantage was developed by David Ricardo, an economist in the early 19th century. Ricardo's theory explains why countries specializing in the production of goods in which they have a lower opportunity cost can benefit from trade with other countries.
What illustrates the law of comparative advantage?
a country that makes the good it produuces
What statement illustrates the law of comparative advantage?
a country that makes the good it produuces
What is the modern theory of international trade?
The modern theory of international trade works on assumptions of the law of comparative advantage. The comparative advantage arises as a result of differences in the various regions.
Ano ang law of comparative advantages?
YEAH. For the Win
Having a carpenter rather than a doctor shingle your house is an example of what?
the law of comparative advantage
Having a carpenter rather than a doctor shingle your house is and example of which of these?
The law of comparative advantage.
Having a mechanic rather than a dentist work on your automobile?
law of comparative advantage(kaylop)
Has any company ever get comparative advantage in all good?
comparative advantage
