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a country that makes the good it produuces
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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.
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
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)
A banker and a member of Britain's parliament who developed the iron law of wages and introduced the idea of comparative advantage in Principles of Political Economy and Taxation?
Your Answer: David Ricardo Correct
What illustrates the law of comparative advantage?
a country that makes the good it produuces
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 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)
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 concepts would you demonstrate by chosing a carpenter rather than a doctor to shingle your house?
The law of comparative advantage (:
