Question: Which theory helps to explain why many nations trade with less-developed or least-developed countries that do not hold advantages in any type of production? Question

Which theory helps to explain why many nations trade with less-developed or least-developed countries that do not hold advantages in any type of production? Question 4 options: a) human capital b) comparative advantage c) absolute advantage d) economic equilibrium e) opportunity cost

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 Economics Questions!

Redraw the diagram presented in Problem 2. Label each element in the diagram and briefly describe its role and key features. The Information System PROBLEM 2

QUESTION 1 An optimal decision is one that chooses a. among various possible goals and offends no one, so that all are equally happy. b. the lowest cost method of meeting goals, without regard to...

Describe the main financing sources for corporations in both countries (United Kingdome and Qatar). Explain the reasons whether and why corporations in both countries are looking beyond national...

pen up something you found interesting, assuring or hopeful in the reading below. pen up something you found confusing, contradictory, or you simply didn't like in the reading below. pen up something...

I need help with the Final Project presentation. (The last part) I attached my previous presentations to it as well Milestones 1, 2, 3 and the interview research. Please help, and please cite all...

This is International Business and Trade subject. Please help me answer the following (briefly and concisely): 1. Differentiate Vertical and Horizontal Foreign Direct Exchange Decisions. 2. What do...

Read the case scenario and use the text provided to support your answer and only used the text provided Case Scenario Dion is an engineer with Tesla Motors who helps to design electric motors. It has...

Case Studies: For each, you will submit your electronic document (.doc, .docx, or PDF) via Blackboard before class begins on the assigned date. Your case study will be not less than six pages in...

Academy ol Management Executive. 2005, Vol. 19, No. 4 Reprinted Irom 1999, Vol, 13. No. 1 Achieving and maintaining strategic competitiveness in the * century: The role of strategic leadership R....

please read the content notes for your references and answer the last page of every topic (exercises 1 and 2 of each topic) TECHNOLOGICAL INNOVATION TECHNOLOGICAL INNOVATION Technological Innovation...

Debating Global Development - Review: Chapter 6 Instructions: Chapter 6 Identify and explain two distinct pieces of knowledge acquired from the chapter. Identify a specific assertion that you found...

What is disaster recovery? What are the major tasks associated with disaster recovery?

Observe and create a hypothesis in relation to weathering about the Great Sphinx. Observation: Hypothesis: As The Sphinx May Have looked When New: as Khafra Great Sphinx as it looks today Photoshop...

PEREGRINE GLOBAL SERVICES Strategic Management - 4 3 6 Business Finance - Interest and Dividends On January 4 , Mycraft Corporation issued $ 2 0 0 million of bonds for $ 1 9 3 million. During the...

Polyvinylpyrrolidone (PVP) is a polymer product used as a binding agent in pharmaceutical applications as well as in personal-care items such as hairspray. In the manufacture of PVP, a spray-drying...

Because of erratic rainfall patterns and low water-holding capacities of soils in Florida, supplemental irrigation is required for producing most crops. A research team has developed five alternative...

Compute the length and absolute value of the following vectors: a. x = [2, 4, 7] b. y = [2, -4, 7] c. z = [5 + 3i, -3 + 4i, 2 - 7i]

Students will most likely come to the same conclusion that Javier has, namely that the worldwide product structure seems to make the most sense. Discuss with your class how they came to this...

Recently, Michelangelo Manufacturing Co. presented the account Allowance for Repairs in the long-term liabilities section. Evaluate this procedure.

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

What factors should management consider when deciding whether to further process a joint product or to sell it at the point of separation?

Allocating common costs to joint products by two methods relative sales value and relative BTUs. The West Texas Petroleum Company owns a lease on a well that produces both crude oil and natural gas....

Allocating common costs to joint products by relative sales value. Assume the same data as in Exercise 1. Determine the cost per pound of each product if relative sales value is used as the basis for...