The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. How is a comparative advantage obtained?
A by increasing the amount of goods that are traded
B. by producing only products with a high demand value
c by limiting trade to nonrenewable products
D. by producing a product at lower cost

Answers

Answer 1

∵∴∵answer∵∴∵

by producing the product with a lower opportunity cost

∵∴∵description∵∴∵

When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods.

/.) (.\

/)\| |/(\

//)/ hope this helps -Tom \(\\

/'"^" "^"`\

I would like brainliest if I deserve it plz

Related Questions

Why did Farmers in the Ohio Valley want to get their crops to New England ?

Answers

Answer:

The prospect of rich, deep soils in the Ohio region appealed to farmers in New England, who had to cope with rocky soil and short growing seasons. Farmers to the south were moving to the southern Ohio River valley, settling on land that would become Kentucky and Tennessee.

Explanation:

lemme know if I'm right

1. Which event most directly influenced the change referred to in this passage?
O meeting of the Berlin Conference
O outbreak of the Boxer Rebellion
O signing of the Munich Pact
O collapse of the Ottoman Empire

Answers

meeting of the Berlin Conference

People that lived through the Great Depression were changed forever. How do you think they thought about money, jobs and family, and life after this

Answers

Answer:

People who lived through the Great Depression experienced poverty, daily struggles, and unstability firsthand. This has an impact on a person in a multitude of ways. The main ways this changes a person is the impact on their mindset. Those people lived not knowing what the next day would be like, which would give them a higher level of appreciation when they weren't stuck in this hardship anymore. I think they appreciate and think about jobs, money and life overall in a deeper way than someone who hasn't had that experience.

Explanation:

Other Questions

Retro Rides, Incorporated, operates two divisions: (1) a Management Division that owns and manages classic automobile rentals in Miami, Florida and (2) a Repair Division that restores classic automobiles in Clearwater, Florida. The Repair Division works on classic motorcycles, as well as other classic automobiles. The Repair Division has an estimated variable cost of $60.50 per labor-hour and has a backlog of work for automobile restoration. They charge $80.00 per hour for labor, which is standard for this type of work. The Management Division complained that it could hire its own repair workers for $62.00 per hour, including leasing an adequate work area. What is the minimum transfer price per hour that the Repair Division should obtain for its services, assuming it is operating at capacity?A) $28.50.B) $30.00.C) $39.00.D) $48.00. What are the three involved elements in Photosynthesis? Phillip helps his neighbors with various jobs. The table shows some jobs he did, the numberof hours he worked, and the amount he was paid. Is Phillip's pay proportional to the numberof hours he works?Use the drop-down menus to explain your answer.JobFixing a FencePulling WeedsPainting a GarageMowing a YardHours Worked54.561.5Amount Paid ($)75547818 Why is it important for equipment for sport to be strong? To protect us What is the difference between the Koran (Quran) and the hadith? A school pays $1,825 for 150 shirts. This includes the $25 flat-rate shipping cost.a. What equation models the total cost as a function of the number of T-shirtsordered?b. What does each variable represent?c. What are the initial value and rate of change of the function? What does eachone represent? Write a 5 paragraph informative essay explaining the events of the American Revolution from 1763-1783. Help I need example/ideas! What are the implications of CICs approach to staffing project teams? Is the company using project teams as training grounds for talented fast-trackers, or as dumping grounds for poor performers? What kind of entrepreneur is a Sporting Goods Proprietorship Partnership Corporation Read the paragraph.As Ms. Cheng waited at the stop for her bus to arrive, a man who was carrying ashopping bag full of groceries walked by. Just as the bus came, the man's bag rippedand the groceries spilled to the ground. Ms. Cheng didn't want to abandon someonewho needed help, so she helped him pick them up while the bus came and went. Theman thanked Ms. Cheng, and together they waited for the next bus to arrive.What is a SYNONYM for the word abandon?botheraccusedesertpunish What the answer there are no options For what values of x and y is PQRS a parallelogram? 3x+5(2+x)=4x-7 help me out here? What political impact did World War II have on the United States? Help please and thank you what are the famous hill and river that Rome was settled by? With the addition of electric cars, we have a need to create a subclass of our Car class. In this exercise, we are going to create the Electric Car subclass so that we can override the miles per gallon calculation since electric cars dont use gallons of gas.The Car class is complete, but you need to complete the ElectricCar class as outlined in the starter code with comments.Once complete, use the CarTester to create both a Car and ElectricCar object and test these per the instructions in the CarTester class.Classespublic class CarTester{public static void main(String[] args){// Create a Car object // Print out the model // Print out the MPG // Print the object // Create an ElectricCar object // Print out the model // Print out the MPG // Print the object}}////////////////////////////public class ElectricCar extends Car {// Complete the constructorpublic ElectricCar(String model){}// Override the getMPG here.// It should return: "Electric cars do not calculate MPG. // Override the toString() here.// (model) is an electric car. }//////////////////////////////////public class Car {//This code is completeprivate String model;private String mpg;public Car(String model, String mpg){this.model = model;this.mpg = mpg;}public String getModel(){return model;}public String getMPG(){return mpg;}public String toString(){return model + " gets " + mpg + " mpg.";}} What is cos45degrees? work shown please 3824 inA restaurant owner plans to install this bicycle rack in front of her restaurant. In order to meet city safety requirements, the baseof the bicycle rack cannot exceed 20 inches so as to not obstruct pedestrians. Will this bicycle rack be approved by the city? Bronks Co. had pension plan assets and PBO of $160,000 on 1/1/19. Service cost for the year was $40,000. It contributed $30,000 during the year and paid benefits of $20,000. The interest rate was 10%. The actual return was $15,000. Compute pension expense, PBO and PA at the end of the year.