The law of comparative advantage recommends that countries

Assignment Help Business Economics

Reference no: EM13245677

The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage. How can a country identify the products and services in which it has a comparative advantage so that it can encourage the development of those industries?

Tell us what you know about the rise, fall, and rise again of pluralism in Western society? Which social institutions lead to a rise in pluralism?

200-250 words per question.

Reference no: EM13245677

Questions Cloud

Explain an optically active compound a : An optically active compound A, C6H10O2, when dissolved in NaOH solution, consumed one equivalent of base. On acidification, compound A was slowly regenerated. Treatment of A with LiAlH4 in ether followed by protonolysis gave an optically inactive..

Explain a structure for the compound : Provide a structure for the following compound: molecular mass 101; IR: 3397, 3200, 1655, 1622 cm-1; 13C NMR: ? 27.5, ? 38.0 (weak), ? 180.5 (weak).

How would persuade the manager at corporate headquarters : Imagine for a moment that you're the general manager of a local, upscale grocery store that is part of a national chain. You've just gotten word from corporate headquarters that all stores must install at least two self-checkout machines.

Using what you have learned in this course explain : You have been hired by Nobody State University as a consultant to help the university with how to increase their total revenue. The university has been struggling in recent years,

The law of comparative advantage recommends that countries : The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage.

Determine the angular velocity of the earth : Assume the Earth is in uniform cicular motion about the sun. Explain how to determine the angular velocity of the Earth

Interpret the coefficients of each explanatory variable : Analysts at the Fleetfeet Corporation estimate a demand function for its athletic shoe line to be: Qf = 5 - 2.4*Pf + 0.7*A + 0.002*I + 0.8*Ps Where Qf = the quantity of shoes sold, Pf = the own price of shoes produced by Fleetfeet ($/pair)

How banks are financial intermediaries : Explain how banks are financial intermediaries. What are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system

What is the socially optimal number of years of education : The accompanying table illustrates the marginal benefit to Sian per year of education and the marginal cost per year of education. Each year of education has a marginal external benefit to society equal to $8,000.

User Account

All Pages