What is India Capital? O Delhi O Chennai O Mumbai O Kerala
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A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…
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A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…
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A: Comparative Advantage: In the trade theory the country which have comparative advantage in producing…
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A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 8. If a country has an absolute advantage for a specific good relative to a possible trading…
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A: Production Possibility Frontier The graph is known as the Production Possibilities Frontier (PPF)…
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A: Absolute advantage refers to the economic condition where a country can produce both goods more…
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A: Globalization is the process of integration as well as interaction among companies,people and…
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A: The opportunity cost can be referred to as the foregone amount of production of other goods in order…
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A: Comparative advantage theory: It was introduced by David Ricardo in 1817. It is an updated version…
Q: The accompanying tables give production possibilities data for Gamma and Sigma. All data are in…
A: A production possibility curve (PPC), also known as a production possibility frontier (PPF), is a…
Q: Which of the following is NOT a benefit from trade? O a. the ability to specialize O b. an increase…
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A: Comparative advantage is an economic principle where nations specialize in producing goods or…
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Q: If China can produce cars at a lower cost than America using all Chinese-made parts, it has a…
A: Producing goods at lower cost than other nation is called absolute advantage.
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A: The exchange of services and goods between nations is referred to as international trade. It allows…
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What is India Capital? O Delhi O Chennai O Mumbai O Kerala
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