Question: anlyse the case study where applicable then clearly answer the questions below it case study; A country is said to have a comparative advantage in

anlyse the case study where applicable then clearly answer the questions below it

case study;A country is said to have a comparative advantage in the production of a given commodity if it can produce that commodity at a lower opportunity cost than another country. The opportunity cost of producing a given commodity is the value of the best forgone alternative. For example, country A is said to have a comparative advantage over Ethiopia in the production of tea if it can produce tea at a relatively lower opportunity cost than country B. The law of comparative advantage advocates that countries specialize in areas of production where they have a comparative advantage over other countries. (b) The following gains may be generated by international trade: Firstly, countries can specialize in ares of production where they have a comparative advantage. They can then export these commodities and use the earnings to import commodities in which they have a comparative disadvantage. Secondly, international trade provides a wider market for a countrys commodities and hence enables a country to benefit from economies of scale in production. Countries can, therefore, more fully utilize their productive capacities and benefits from lower long run costs of production. Thirdly, international trade encourages efficiency because of exposure to international competition. Domestic producers have to compete with foreign producers and as such they have to be more cost efficient in order to compete effectively. Consumers may benefit from this greater efficiency in the form of lower prices.

quetsions

1.provide the correct definition of the nearest sequence touching on the"Scene" variable and the correspondence

2.interconnect the Input as a convert external input to the format

3.apply the Topological map in the transformation, reasoning, and projection

4.what is the implication of theStimulus in the absence of thepart context section of a RKRL frame?

5.as expressed by theDialog state, commend on the general structure of cognition cycle?

6. according to the novel theory, define the current stimulus-response

7. What are the constituents of a known sequence?explain

8. relate the known sequence and the cognitive behaviour model

9. Why should a cognitive radio be capable of differentiating "User" and "Things" entities?

10.rlete the structure of the architecture map to thefunctions implemented using cognition

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!