What is comparative advantage? Give one example.
What will be an ideal response?
Comparative advantage is the idea that countries should produce and export those goods they can produce at a lower cost than others and import those items that others produce at a lower cost. Students should be able to give one example of comparative advantage. For instance, coffee can be grown at a lower cost in Brazil, while corn can be grown at a lower cost in the United States; therefore, to gain access to coffee the United States can trade corn with Brazil.
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The __________ is the chief officer responsible for governing and managing the State Department for the president
a. secretary of state c. vice president b. national security advisor d. ambassador in chief
___________ use(s) ______________ along with beliefs, language, and norms to interpret and understand their world. Both are important for ethnographic qualitative research
a. Society; individual values b. Cultures; individual values c. Cultures; shared values d. Society; individual ideals
What is economic interdependence?
a. the belief that states should become as strong as they can be economically on their own b. the reality that fewer and fewer states are economically self-sufficient, and more and more must purchase necessities beyond their own borders c. the ideology that advanced capitalist countries, because of their economic structures, will exploit and take advantage of underdeveloped states d. the awareness that resources are becoming increasingly scarce, and economic competition for those resources is increasing
Given current law, Texas does not stand alone in providing for its low-income residents. On which social programs does the federal government work with Texas, and how do the two governments work together?
What will be an ideal response?