Comparative Advantage of the US Economy:The US is a capitalist country, thus citizens' control production and distribution of products. Furthermore, the US economy has less restriction on investments and freedom in expression.Answer and Explanation: The following are ...
It is defined as the selling and buying of services and commodities across borders. International trade is vital since it gives people and countries exposure to services and products unavailable or more expensive in their country. Besides, the international can either be expo...
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What is liability insurance? Liability insurance is the type of coverage that pays for other drivers’ vehicle damage and medical care. For instance, if you rear-end another car, your liability coverage is what would pay for their vehicle repairs and any medical treatment. Does liability insuranc...
Tina is a little smarter than Mary. 2 Teacher thinks Mary works harder than Tina. 3 longer smarter harder 一般情况下,直接在形容词或副词的原级后加er变成比较级。 When do we use comparatives the comparative degree the positive degree longer ...
The researchers at NorHead have already started work on a large clinical study to measure the effect of established cholesterol-lowering medicines as a preventive measure against chronic and episodic migraine. Reference: “Comparative retention and effectiveness of migraine preventive treatments: A nationwi...
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The key to understanding comparative advantage is a solid grasp of opportunity cost. Put simply, an opportunity cost is a potential benefit that someone loses out on when selecting a particular option over another. In the case of comparative advantage, the opportunity cost (that is to say, the...
Later writers, such asDavid Ricardo, further developed Smith's ideas, leading to the theory ofcomparative advantage. It maintains that if one country is better at producing a specific product while another country is better at producing another, each should devote its resources to the activity at...