Select the correct answer.
What is absolute advantage?
A.
having a lower opportunity cost to produce goods than other firms or nations
B.
having a lower cost of production than other firms or nations
C.
having more available resources for producing a good than other nations
D.
having fewer or no trade barriers for international trade than other nations
Answers
Answer:
B. Having a lower cost of production than other firms or nations.
Explanation:
In the seventeenth century, economic inquiry emerged as a separate science. But that didn't just happen overnight. The process of crude conceptualization and creation of political economic concepts had long before started to emerge.
Commodity, exchange, money, pricing, loan interest, commercial profit, and other economic concepts were already familiar to ancient Egyptians, Greeks, Hindus, and other peoples.
Ancient Egyptian papyri, the Hammurabi Code, the Vedas of Ancient India, Homer's Odyssey and other works of the ancient Greek poet, Xenophon, Plato, Aristotle and other philosophers of Greek antiquity, etc., all include a wealth of information and ideas that are quite intriguing.
The ancients had very rudimentary knowledge of economic concepts.
The history of economic thought starts with the writings of Xenophon, Plato, and particularly Aristotle, who made the first theoretical step towards an understanding of the economy of ancient Greek society (which was at the stage of the collapse of the primitive-communal system and the rise of slavery) and articulated some remarkable ideas on value, commodity exchange, and the earliest forms of capital: trading (merchant's) and usury capital.
In the late sixteenth and early seventeenth centuries, commerce and monetary activities rather than manufacturing were where capitalist institutions initially emerged.
Eventually, this development of the future capital became known as Mercantilism, which represented the interests of the capital of the merchants in England, Italy, and France. The main spokespersons for it were Thomas Mun and William Stafford in England, Antonio Serra in Italy, and Antoine de Montchrestien in France.
The French mercantilist Antoine de Montchrestien first used the phrase "political economy" in his Treatise of Political Economy (1615), which offered advice on how to manage the state economy and increase the nation's riches. The phrase, which originally meant "the laws of state administration," was derived from three Greek words: "politikos" (state, social); "ikos" (home or its management); and "nomos" (rule of law).
The Physiocrats—Francois Quesnay, Turgot, and others—developed bourgeois political economics later, in the seventeenth century. French economist François Quesnay belonged to the Physiocratic school. He is renowned for publishing Tableau économique (Economic Table), which laid the groundwork for the Physiocrats' theories, in 1758. French statesman Turgot, Baron de l'Aulne, also known as Turgot, was greatly inspired by Quesnay and was also an economist in his own right.
They changed the focus of economic inquiry away from the domain of circulation and toward the sphere of production, in opposition to the mercantilists.
Karl Marx observed in 1859 in the section 'Historical Notes on the Analysis of Commodities' in A Contribution to the Critique of Political Economy: 'The decisive outcome of the research carried on for over a century and a half by classical political economy, beginning with William Petty in Britain and Boisguillebert in France, and ending with Ricardo in Britain and Sismondi in France, is an analysis of the aspects of the commodity into two forms of labour – use-value is reduced to concrete labour or purposive productive activity, exchange-value to labour-time or homogeneous social labour.' In Capital (1867) he defined political economy: '… by political economy I understand the economy which since the time of W. Petty has investigated the real relations of production in bourgeois society'.
Marx made a distinction between such men as Petty, Smith and Ricardo and their successors. He wrote of the former that they devoted their efforts 'to the study of the real interrelations of bourgeois production', while the latter were 'content to elucidate the semblance of the interrelations' and to act in effect as apologists for the capitalist class. He called them 'vulgar economists'.
Engels had already warned, and shown great foresight, in 1843 when he wrote in his Outlines of a Critique of Political Economy: 'The nearer to our time the economists whom we have to judge, the more severe must our judgment become. For while Smith and Malthus found only scattered fragments, the modern economists had the whole system complete before them: the consequences had all been drawn; the contradictions came clearly enough to light, yet they did not come to examine the premises and still accepted the responsibility for the whole system. The nearer the economists come to the present time, the further they depart from honesty'.
Answer:
See image
Explanation:
Plato
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The conclusion drawn about the national government under the Articles of Confederation was that it made security spending a national priority.
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After following isolationism under the Ming Dynasty, what was the first country that the Qing Dynasty opened up trade to?
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Answer:
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Explanation:
Japan's Tokugawa shogunate imposed kaikin from 1641 until 1853. Most foreign contact was banned. Misleading beliefs about Japan's closedness persist. Japan maintained limited economic and diplomatic links with China, Korea, and the Ryukyu Islands, with the Dutch Republic as its only Western trading partner. They never stopped trading; they traded secretly.
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When is the first historical record of slavery?
O Ancient Egyptians with Nubians forced to build the pyramids c. 2500 BCE
O The Sumerians among the first writings of any kind c. 3500 BCE
O The early Roman Empire with captured prisoners of war c. 20 BCE
O The Portuguese in West Africa in the early 1400s
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Answer:
c: The Sumerians among the first writings of any kind c. 3500 BCE
Explanation:
Sumer or Sumeria is still thought to be the birthplace of slavery, which grew out of Sumer into Greece and other parts of ancient Mesopotamia.
Answer: c
Explanation:
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Explanation:
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C. They allied with European powers.
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Methods used by interest groups to help shape public policy to their benefit and the benefits of their members include
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Answer:
Explanation:
I just came across this problem on a test and it was multiple choice with options A. greece B. croatia C. yugoslavia and D. moravia. the answer is C.
Yugoslavia is the other location like Czech nationalists in Bohemia which demanded that they be allowed to form an autonomous state like Hungary
Autonomous state
A country's autonomous areas are those that have some degree of independence from outside authorities. It is customary for it to be located far from the country in terms of geography or to be home to a national minority.An example of an autonomous area is the Land Islands. An autonomous territory is in charge of its own affairs and has the ability to decide without outside interference. The word "autonomos," which denotes having one's own laws, is where the name's Greek origins lie.Learn more about autonomous state here:https://brainly.com/question/1488097
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How did Americans support the war at home? Select all that apply.
they moved to Canada
they purchased war bonds
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Answers
Answer: they purchased war bonds, they rationed food
Explanation:
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Read this passage from the U.S. Constitution:
This Constitution, and the Laws of the United States which
shall be made in Pursuance thereof; and all Treaties made,
or which shall be made, under the Authority of the United
States, shall be the supreme Law of the Land; and the
Judges in every State shall be bound thereby, any Thing in
the Constitution or Laws of any State to the Contrary
notwithstanding.2
What is the purpose of the passage?
OA. To establish that federal laws are superior to state laws
OB. To guarantee the protection of individual rights
OC. To give the president the power to make treaties
OD. To create the legislative branch of the federal government
Answers
The purpose of the passage A. To establish that federal laws are superior to state laws
The Supremacy Clause of the Constitution of the United States (Article VI, Clause 2) demonstrates that the Constitution, federal laws made pursuant to it, and compacts made under its authority, constitute the "supreme Law of the Land", and thus take preference over any conflicting state laws.
What does Article 6 of the U.S. Constitution say?
All Debts acquired and Engagements entered into, before the Adoption of this Constitution, shall be as valid against the United States under this Form, as under the Confederation.
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why did the early men not assert rights over land and it's resources why were the size and location of camps kept changing from season to season? why was there never any shortage of food even in times of drought?can you name any such hunter and food gatherer societies in India today?
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A hunter-gatherer obtains most of their food via foraging (collecting edible wild plants) and hunting (pursuing and killing wild animals, including capturing fish), like most natural omnivores. Hunter-gatherer communities contrast with sedentary agricultural societies, which depend on planting crops and rearing domesticated animals for sustenance. This is further explained below.
What is Hunting?Generally, killing an animal or bird for food, recreation, or financial gain: mule deer hunting. A hunting dog and a firearm.
In conclusion, Hunting and gathering dominated at least 90% of human history. Hunter-gatherers who did not adapt to agriculture were ousted and subjugated by agricultural or pastoralist communities worldwide. The split between agriculture and industry is no longer a key marker in human history, nor is there a hierarchy that sets agriculture and industry at the top.
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According to the authors of the document, “National Organization for Women, ‘Statement of Purpose' (1966)" what justifications have been used to prevent women from enjoying equal opportunities and freedom of choice?
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According to the "Statement of Purpose" the justifications that have been used to prevent women from enjoying equal opportunities are related to gender roles established by patriarchal society.
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Regarding English colonization, how were these English colonies related to the Atlantic slave trade?
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English colonies related to the Atlantic slave trade as they transported millions of enslaved Africans to the colonies.
How to illustrate the information?It should be noted that colonization is the process of setting among the indigenous people.
In this case, colonies related to the Atlantic slave trade as they transported millions of enslaved Africans to the colonies.
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English colonies are related to the Atlantic slave trade in the sense that the English colonies are source locations where slaves are gotten by the English and Atlantic slave trade is the process of transporting slaves over the Atlantic ocean to their foreign location where they would be used.
What are colonies?A colony is a country or area under the full or partial political control of another country and occupied by settlers from that country.
Therefore, the correct answer is as given above.
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How did the Supreme Court decision to throw out laws about children at work help big businesses, which grew under another Supreme Court decision ?
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Answer:although the keating-act was was passed by congress and signed into law by president woodrow wilson, the supreme court ruled that it was unconstitution in hummer v. Dagenhart 247 U.S. 251 (1981) because it overstepped the purpose of the government's powers to regulate interstate commerce.
Explanation:hope this helped
Read this excerpt from The Narrative of the Life of Frederick Douglass.
I am strongly tempted to give the names of two or three of those little boys, as a testimonial of the gratitude and affection I bear them; but prudence forbids;--not that it would injure me, but it might embarrass them; for it is almost an unpardonable offence to teach slaves to read in this Christian country.
Which statement best describes Douglass's viewpoint?
He is embarrassed to say that he was taught by young children.
He believes he could be punished for reading to children.
He thinks it is inappropriate to discuss how people learn to read.
He wishes he could thank the young boys who taught him to read.
Answers
The statement that describes Frederick Douglass's point of view is that "He wishes he could thank the young boys who taught him to read".
About the book- Frederick Douglass was born a slave, to narrate the experience of the life of a slave he has written a book name the narrative of the life of Frederick Douglass. Although he did not have to work on the field as another slave, he had to work in the household.
When he was seven he was taken by Huge Auld a son in laws brother of attorney. Huge's wife Sophia tried to teach him but Huge did not allow her to teach him, eventually, he was taught by the local boys how to read and write.
Douglass described their encounter with white workers in the trading factory. Douglass resisted the domination in the factory.
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Feudalism was based on the exchange of which of the following?
A.
Titles and dignitaries
B.
Personal allegiance
C.
Children to foster
D.
Money and gifts
Answers
Feudalism was based on the exchange of option(b) i.e, Personal allegiance.
Feudalism was a system of political and military rules that predominated in medieval Europe between the 9th and 15th centuries. It can be broadly characterized as a system for arranging relationships in society around the possession of land, often known as a fief, in return for labor or service.
The major goal of feudalism was to establish a system where a standing army would be created for service in addition to generating land revenue. In other words, feudalism was a social structure in which ownership of land determined one's position in society.
After Rome fell and a strong central government in Western Europe was overthrown, feudalism aided in shielding towns from the bloodshed and fighting that ensued. Feudalism protected Western Europe's society and kept mighty invaders at bay. Trade was revived by feudalism. Lords made repairs to roads and bridges.
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examine the map below. Where would you place this period in history realtive to the birth of jesus
Answers
Based on the map, the period in history that is relative to the birth of jesus was about 500 years before.
When was Jesus Christ born?History showed that Jesus was born during the Roman period and not the Greek period.
Hence, based on the map, the period in history that is relative to the birth of Jesus was about 500 years before.
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What was a common camp activity for soldiers during the Civil War? A. hand to hand combat B. storytelling C. homemade cooking
Answers
Answer:
B
Explanation:
Soldiers usually got together and told stories to each other.
Hope it helps.
How did the Ostend Manifesto help start the Civil War?
The South was outraged over the secret manifesto to defeat slavery.
Northerners were outraged over the South's violent invasion of Cuba.
The South had succeeded in gaining more land in Cuba to expand slavery.
Northerners were outraged at the South's secret attempt to expand slavery.