What are the assumptions behind the simple static theory of comparative advantage?
Question:
What are the assumptions behind the simple static theory of comparative advantage?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
The simple static theory of comparative advantage often associated with the classical economists David Ricardo and Adam Smith is based on several key ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
What are the assumptions and predictions of the simple quantity theory of money? Does the simple quantity theory of money predict well?
-
What are the linkages in the global capital markets? 2. What are the assumptions underlying the theory of comparative advantage ? 3. What are the main purposes of the Eurocurrency markets? 4. What...
-
840N with Two cables AB and AC are acting on the pole with forces FAB = 420N and FAC parameters defining the attachment points shown in the table. We want to write the vector FAB in cartesian vector...
-
What will be the impact of satellite TV on international advertising?
-
How does the price-earnings ratio differ from most other financial ratios?
-
What document must the defendant file if the defendant wants to remove an action to federal court?
-
The state of Artexva advance refunded $8,000,000 par of 20X2, 10% serial bonds by issuing $9,000,000 par of 20Y6, 6% serial bonds. Required Prepare the entries required to record the following...
-
The restaurant at the Hotel Galaxy offers two choices for breakfast: an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. The buffet option has a budgeted meal...
-
The G. Saussy Manufacturing company is putting out four new electronic components. Each of Saussy's four plants has the capacity to add one more product to its current line of electronic parts. The...
-
In the real world, what might interfere with the results predicted by the model?
-
Explain the need to go beyond the analysis of static comparative advantage according to modifications of the assumptions, paying particular attention to a. Transportation costs b. Factor proportions...
-
Discuss the following statement: A bond's yield to maturity is the bond's promised rate of return, which equals its expected rate of return.
-
What other activities in one phase affect activities in another?
-
How could weather forecasting inaccuracies interfere with executing the strategy?
-
Is there a VOAD in your community? How is it organized? What agencies are members? What agencies in the community are not members?
-
What could go wrong with the personnel aspects of executing the strategy?
-
Besides the American Red Cross what other charitable organizations have a mission that spans across all four phases of emergency management?
-
Which of the following statements a through g are true of long-term investments? ________ a. They are held as an investment of cash available for current operations. ________ b. They can include...
-
For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, and assign these costs to units completed and transferred out, and to units in ending work in process....
-
(Debtor/Creditor Entries for Continuation of Troubled Debt) Daniel Perkins is the sole shareholder of Perkins Inc., which is currently under protection of the U.S. bankruptcy court. As a debtor in...
-
(Restructure of Note under Different Circumstances) Halvor Corporation is having financial difficulty and therefore has asked Frontenac National Bank to restructure its $5 million note outstanding....
-
(Debtor/Creditor Entries for Continuation of Troubled Debt with New Effective Interest) Crocker Corp. owes D. Yeager Corp. a 10-year, 10% note in the amount of $330,000 plus $33,000 of accrued...
-
How can urban vs. rural problems be explained or understood using any one sociological theory?
-
In the Strayer Online Library, go to the EBSCO-Host Academic database. Find a recent research article from a scholarly journal in the field of sociology. It must have been published less than 12...
-
(a) Construct the matrix A= [A] if A is 23 and A = -i+6j. (b) Construct the 2x4 matrix C = [(2i+j)2]. 5 11 17 (a) A= (Simplify your answers.) 4 10 16 (b) C= (Simplify your answers.)
Study smarter with the SolutionInn App