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When does the law of comparative advantage indicate that mutually beneficial international trade can take place?
The law of comparative advantage indicates that mutually beneficial international trade can take place when countries specialize in producing goods and services for which they have the lowest opportunity cost. This allows each country to trade its surplus production for other goods, leading to increased overall efficiency and welfare. By focusing on their comparative advantages, countries can maximize output and benefit from lower prices and greater variety in goods. Thus, international trade occurs when it allows for greater efficiency than self-sufficiency.
What else can I help you with?
What is the comparative of nutritious?
More nutritious.
What is the Comparative form of the word perpetual?
In this case, you would use the word 'more' in front of 'perpetual' to indicate the comparative form.
What overwhelming advantage in bank deposites seem to indicate for the North?
The North had a 81% Advantage in bank deposits to indicate for the North over the South who had only 19%.
What is the Comparative and superlative of broad?
Comparative: broader Superlative: broadest
What are the Comparative Of Unusual?
The comparative form of the word "unusual" is "more unusual." When comparing two things, we use the comparative form to indicate a higher degree of the quality expressed by the adjective. In this case, "more unusual" is used when comparing the degree of unusualness between two objects or situations.
What is the suffixes of funnier?
The suffixes of "funnier" are -er (comparative) and -iest (superlative), which are added to the base form "funny" to indicate degrees of comparison.
What is the comparative and superlative meaning if the word tactful?
The comparative form of tactful is more tactful, and the superlative form is most tactful. They are used to indicate degrees of tactfulness when comparing two or more things or individuals.
Is nicer an adjective?
Yes, it is. It is the comparative form of the adjective nice (more nice).
Is trickier a word?
Yes, "trickier" is a word. It is the comparative form of the adjective "tricky," used to indicate that something is more difficult, complicated, or deceptive.
What part of speech is the word earlier?
The word "earlier" is an adverb. It is used to indicate that something happened before a specific time or event.
What is the comparative degree of the word yesterday?
'Yesterday' is not an adjective and does not have a comparative degree. It means 'the day immediately before today'. Something cannot happen on 'the day more immediately before today' - it makes no sense. Expressions such as 'the day before yesterday', 'a week ago yesterday', and so on, are used to indicate dates further in the past, but they do not constitute the comparative degree.
Does IS stamped on William A Rodgers silverware indicate sterling silver?
no it means international silver
