0
Add your answer:
Earn +20 pts
What factors affect the comparative advantage in trade?
biggest advantage of international trade shall be available to the participating countries only if trade is free and unfettered. It strongly affect prices, wages, employment and production in other countries.
What of these describes the law of comparative costs?
Countries with the most efficient factors of production could produce the most profitable goods.
What geographic factors have given the coastal countries of West Africa an advantage over the countries of the Sahel?
the Niger and Senegal rivers
How can a less developed country like Mexico have a comparative advantage relative to the US?
If they can produce something with less opportunity cost than the US. For example (purely academic and theoretical), to produce 1 million dices, Mexico has to give up 500 cars However, in the US, to produce 1 million dices, it has to give up 800 cars (due to different factors of production). Thus, Mexico has a comparative advantages over the US. Nevertheless, it is unlikely that less developed countries can gain comparative advantages over high income countries (except for example: China's sweatshops)
What factors is not responsible for European dominance in the nineteenth and twentieth centuries?
A shift of military power away from European countries was not responsible for European dominance in the nineteenth and twentieth centuries.
What factors are responsible for binocular visions?
what factors are responsible for binocular vision
What are advantage's?
Beneficial factors or a combination of factors.
Why are jeans made in so many countries?
Jeans are made in many countries due to various factors, such as cost of production, availability of raw materials, workforce expertise, and trade agreements. Companies may choose to manufacture jeans in different countries to take advantage of these factors and optimize their supply chain.
What is been compared in comparative politics?
In comparative politics, different countries or political systems are compared in order to understand similarities, differences, and patterns across various political institutions, processes, and outcomes. This comparison allows scholars to analyze how different factors, such as culture, history, geography, and institutions, influence political behavior and decision-making.
What are the factors responsible for relief rainfall?
The factors are moist air and rainfall.
What are the main factors responsible for the differences in the three states of matter?
name the main factors responsible for the differences in the three states of matter
Factors which are responsible for development of human resource planning?
Social organization and human capital are the factors that are responsible for human resource planning.
