based on the recognition that states differ in their resource endowments of land, labor, and capital, a theory developed arguing that states should trade based on their , whereby each state produces and exports those products that it can produce more efficiently than anything else it can produce.

Question

30-11-2022
Business

contestada

based on the recognition that states differ in their resource endowments of land, labor, and capital, a theory developed arguing that states should trade based on their , whereby each state produces and exports those products that it can produce more efficiently than anything else it can produce.

Respuesta :

Otras preguntas

Please, I need help. Thank you so much!!!!!!!!! 8. What do we know about the diagonals HG and FI in this rectangle? 9. The measure of FI is 5 cm. What is the le

Who introduced the system of Civil Services? A. Lord Hardige B. William Bentick C. Warren Hastings D.Lord Dalhousie

Why was it necessary to chain the wagons together at times along the Oregon Trail? A: The wind and hailstorms were so strong. B: The terrain of the Rocky Mounta

Which of the following strategy will ensure that accounts receivable is handled efficiently?Select one:a. Monitoring vendor paymentsb. Cutting edge technologyc.

A gas has 1000 joules of heat energy added to it as it does 700 joules of work on its environment. what is the change in the internal energy of the gas?

Someone who breaks rules, but has not been identified as a rule-breaker is known as a/n: 1) secret deviant 2) sorta deviant 3) dirty rotten scoundrel 4) sneaky

When the allowance method is used to account for uncollectible accounts receivable, Bad Debt Expense is debited Oa. when a customer's account becomes past due O

I have a nine in the ones place. I am greater than 82 but less than 93. What number am I?

Explain how relaxing and/or laughing helps to reduce stress. Save and Exit Next Mark this and retur

A proposed space station includes living quarters in a circular ring 65.5 m in diameter. at what angular speed should the ring rotate so the occupants feel 0.70

rafikiedu18 rafikiedu18 · Answer 1 · 2022-12-03T10:31:16+01:00

Based on the recognition that states differ in their resource endowments of land, labor, and capital, a theory developed arguing that states should trade based on their comparative advantage.

A person has a comparative benefit at generating something if he can produce it at decrease cost than everyone else. Having a comparative benefit isn't always the same as being the great at something.

Comparative benefit is a condition of a producer in which it is higher ideal for manufacturing of 1 accurate than another good. True A can be produced greater efficaciously than true B, as an example.

This contrast is executed in terms of possibility fees of every right, no longer in phrases of pure production prices.

Learn more about comparative advantage here:- https://brainly.com/question/4461081

#SPJ4