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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Answer:
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Explanation:
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This Constitution, and the Laws of the United States which
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The purpose of the passage A. To establish that federal laws are superior to state laws
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What does Article 6 of the U.S. Constitution say?
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Answer:
B
Explanation:
Soldiers usually got together and told stories to each other.
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How did Americans support the war at home? Select all that apply.
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Answers
Answer: they purchased war bonds, they rationed food
Explanation:
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2 Points
Czech nationalists in Bohemia and what other location demanded that they be allowed for form an autonomous state like Hungary?
A. Yugoslav
Answers
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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Based on the information in the chart, what conclusion can be reached about the national government under the
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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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Hence, in the image, 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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The South was outraged over the secret manifesto to defeat slavery.
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The lives of the black Americans prior to the civil rights movement is a one of segregation living with voter suppression and discrimination in employment which can be compare to black South Africans living under apartheid because the black were not allow to stay in urban areas without job.
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examine the map below. Where would you place this period in history realtive to the birth of jesus
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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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After following isolationism under the Ming Dynasty, what was the first country that the Qing Dynasty opened up trade to?
A. Dutch Republic
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D. Great Britain
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Answer:
A) Dutch Republic
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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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.
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Therefore, the correct answer is as given above.
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Skyscrapers solved housing and ____
issues in large
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A. office space
B. sanitation
C. transportation
D. entertainment
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Which method would interest groups most likely use to help shape public policy?
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Methods used by interest groups to help shape public policy to their benefit and the benefits of their members include
Marchesdemonstrationssit-inspicketingboycotting.What are interest groupsInterest groups are a collection of people who share certain views on public matters and work to shape public policy to their benefit.
Most interest groups make use of certain approaches in ensuring that their voices are heard. Some of these approaches include marches, demonstration, sit ins and boycott.
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WILL MARK BRAINLIEST!!!!
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
Answers
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:
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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