Give a detailed explanations of the the Ricardian Model and the
gains from trade in it?

Answers

Answer 1

The Ricardian Model is an economic theory developed by David Ricardo that explains how countries can benefit from specialization and trade. According to this model, countries have comparative advantages in producing certain goods based on their relative productivity levels.

In the Ricardian Model, trade allows countries to specialize in producing goods in which they have a comparative advantage and then exchange those goods with other countries. This leads to gains from trade, which can be seen through two main mechanisms: increased production efficiency and consumption benefits.

Firstly, trade allows countries to allocate their resources more efficiently. By specializing in the production of goods they are relatively more efficient at producing, countries can maximize their output. This leads to an overall increase in production efficiency, as each country focuses on what it does best.

Secondly, gains from trade are also realized through consumption benefits. When countries specialize, they can produce more of the goods in which they have a comparative advantage. This leads to a larger variety of goods available for consumption, as countries can import goods that they do not produce domestically. As a result, consumers have access to a wider range of goods at potentially lower prices.

Overall, the Ricardian Model shows that trade allows countries to benefit from specialization and comparative advantage, leading to increased efficiency in production and greater consumer choice.

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Related Questions

in the mid-19th century, what three approaches to making travel pictures were established?

Answers

In the mid-19th century, three approaches to making travel pictures were established. They are ,Topographical realism is a term used to describe a visual recording style that captures the environment .

As it is, without any additional visual input or embellishment. Typically, a topographical view emphasizes accuracy over beauty, highlighting the landscape's natural features and its realistic representation. The picturesque travel pictures emphasized artistic creativity over historical accuracy.

Artists who created picturesque travel pictures sought to generate aesthetically pleasing and often romantic images of foreign lands.These images were frequently used as souvenirs by travelers on their journeys .Finally, the third approach to making travel pictures was documentary photography.

Documentary photography's objective was to document the social and environmental realities of the locations it depicted. Documentary photographers frequently created travel photos that emphasized the harsh living conditions of those who resided in the area or the negative effects of industrialization on natural landscapes and human health.

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In 1866, Vanderbilt was especially struggling. What recent loss affected him so deeply?

Answers

ifk her google xbdnd

Take a look at the following letter written by Abraham Lincoln. What indicates that it is a primary source?

Answers

Answer:

The letter is dated

Explanation:

Answer:

For plato it is The letter is dated

Explanation:

Why did members of the Gutierrez Magee Expedition go to Galveston Island?

Answers

Answer:

The Gutiérrez-Magee or Magee-Gutiérrez expedition of 1812–13 was an early filibustering expedition against Spanish Texas. The expedition took place against the background of growing unrest in Mexico against Spanish rule.

Explanation:

Which of theses factors helped cause World War l?

Answers

There’s no multiple choice??

Answer:

multiple choice?

Explanation:

if there is no m. c then the question is wrong

Why did the Gullah language develop along the coast of South Carolina
A.The government did not have money to educate slaves
B.There was a large isolated concentration of Africans there
C.Auction blocks where slaves were sold was located along the coast
D.The coast was the only places slaves were located

Answers

Answer:

B. There was a large isolated concentration of Africans there.

Explanation:

Gullah developed in rice fields during the 18th century as a result of contact between colonial varieties of English and the languages of African slaves. These Africans and their descendants created the new language in response to their own linguistic diversity.

what are your thoughts on the death penalty

Answers

Answer:

If someone does something horrible or despicable enough to deserve it, for example distributing or making child p***, murder, r***, etc... They should very much be served the death penalty. Especially since prisons are becoming overcrowded because there are too many people. It shouldnt've been abolished in the first place.

What is the term that refers to laws passed in the colonies to control
slaves? *
O Slave Criteria
O Slave Laws
O Slave Regulations
O Slave Codes

Answers

Answer:

I believe it is Slave codes

Congress disapproved of the fact that without their approval President Johnson suspended
Charles Sumner.
Thaddeus Stevens.
Robert E. Lee.
Edwin Stanton.

Answers

Answer:

Congress disapproved of the fact that without their approval President Johnson suspened D. Edwin Stanton

Explanation:

I took the test :)

Congress disapproved of the fact that without their approval President Johnson suspended Edwin Stanton. Thus the correct answer is D.

Who was  Edwin Stanton?

Edwin Stanton was a lawyer based out of America,  was well-known for his perseverance as well as his abolitionist movement and political views. Stanton was convinced that Lincoln's killing was part of a plot developed and carried out by rebels.

Stanton was the secretary of the war to  Johnson, he became opposed to reconstruction policies by Johnson and as a result, collaborated with republicans to integrate Congressional Reconstruction in the South.

Stanton denied leaving office by claiming the job security under the tenure of office act and lock himself until the Senate voted against the president.

Therefore, option D Edwin Stanton is appropriate.

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in the time of the ottoman empire what did the janissaries do

Answers

Answer:Highly respected for their military prowess in the 15th and 16th centuries, the Janissaries became a powerful political force within the Ottoman state. During peacetime they were used to garrison frontier towns and police the capital, Istanbul. They constituted the first modern standing army in Europe.

Explanation:

The formation of the Janissaries has been dated to the reign of Murad I (r. 1362–1389), the third ruler of the Ottoman Empire. The Ottomans instituted a tax of one-fifth on all slaves taken in war, and it was from this pool of manpower that the sultans first constructed the Janissary corps as a personal army loyal only to the sultan.[5]

From the 1380s to 1648, the Janissaries were gathered through the devşirme system, which was abolished in 1638.[11] This was the taking (enslaving) of non-Muslim boys,[12] notably Anatolian and Balkan Christians; Jews were never subject to devşirme, nor were children from Turkic families. According to the Encyclopedia Britannica, "in early days, all Christians were enrolled indiscriminately. Later, those from the territories what is now Albania, Bosnia, and Bulgaria were preferred."[13]

The Janissaries were kapıkulları (sing. kapıkulu), "door servants" or "slaves of the Porte", neither freemen nor ordinary slaves (köle).[14] They were subjected to strict discipline, but were paid salaries and pensions upon retirement and formed their own distinctive social class.[15] As such, they became one of the ruling classes of the Ottoman Empire, rivalling the Turkish aristocracy. The brightest of the Janissaries were sent to the palace institution, Enderun. Through a system of meritocracy, the Janissaries held enormous power, stopping all efforts at reform of the military.[11]

which one of hatshepsut relatives became her greatest adversary over the power as Pharaoh?

Answers

Answer:

beginning in 1478 B.C.  Queen Hatshepsut reighed over Egypt for over 2 years. She had a husband that died and then she claimed the role as Pharaoh

Explanation:

most of the statues of nepal are related to different religions and traditions.they are more influenced by religion than art. Why

Answers

Answer:

Explanation:

It is because explained in given photos hope its help I just try it

hitler did not attend the wannsee conference, although he had approved the final solution. if someone had asked him about his absence, which statement is closest to the answer he may have provided?

Answers

Adolf Hitler, the leader of the Nazi regime, was not present at the Wannsee Conference on January 20, 1942, although he had approved the Final Solution. He did this through his speech and instructions given in private talks with some high-ranking Nazi officials such as Heinrich Himmler and Reinhard Heydrich.

In other words, Hitler did not require an explanation for not being present at the conference.According to many historians, Hitler was preoccupied with the Russian front, and that's why he didn't attend the conference. Others argue that it was because Hitler did not want to be present during a meeting where the genocide of Jews was discussed. Hitler wanted to remain aloof from the actual implementation of the Final Solution and not leave any direct evidence that he was involved. Hitler wanted to maintain plausible deniability in case his regime was defeated or if he was ever put on trial for war crimes. In conclusion, if someone had asked Hitler why he didn't attend the Wannsee Conference, it is likely he would have given an ambiguous or evasive answer, or possibly no answer at all.

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When it met in May of 1775, the Second Continental Congress focused on
how to respond to the Prohibitory Act.
whether to begin fighting against Britain.
O whether to declare independence from Britain.
O how to address grievances from colonists.

Answers

Answer:

D

Explanation:

Answer:

D on Edge 2021, i got it right

Explanation:

"how to address grievances from colonists."

which effect of the silk road has the longest lasting impact? why did you chose that particular effect?​

Answers

Answer:

the intangible transfer or culture and ideas

Explanation:

laid the groundwork for today's international economic and political environment

What was the United States Foreign Policy with each Country? The Soviet Union, China, Panama, and the Middle East.

Answers

The United States Foreign Policy with the following each Country:

Soviet Union: Containment during the Cold War.

China: Engagement and economic cooperation.

Panama: Strategic presence due to Panama Canal.

Middle East: Securing resources, supporting Israel, countering terrorism, promoting stability.

United States Foreign Policy with each country can be summarized as follows:

1. Soviet Union:

During the Cold War, the United States pursued a policy of containment towards the Soviet Union, aiming to prevent the spread of communism. This included military buildup, alliances (such as NATO), and the strategy of deterrence through nuclear weapons.

2. China:

Initially, the US recognized the Republic of China (Taiwan) as the legitimate Chinese government. However, in the 1970s, the US shifted its policy and established diplomatic relations with the People's Republic of China. The US has since pursued a policy of engagement and economic cooperation with China, while also addressing concerns regarding human rights and trade imbalances.

3. Panama:

The United States maintained a strong presence in Panama due to the strategic importance of the Panama Canal. The US supported Panama's independence from Colombia in 1903 and signed the Hay-Bunau-Varilla Treaty, which granted the US control over the canal zone. However, in 1977, under President Jimmy Carter, the US agreed to transfer control of the canal to Panama by the end of 1999.

4. Middle East:

US foreign policy in the Middle East has been multifaceted. It has focused on securing access to oil resources, supporting Israel, countering terrorism, and promoting stability in the region. The US has engaged in diplomatic efforts, military interventions, and brokered peace agreements, such as the Camp David Accords between Israel and Egypt. However, US policy has also faced criticism for interventions that resulted in regional instability, such as the Iraq War.

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Look at this clip from the 2005 film Thank You for Smoking. In this film, Nick Naylor, played by Aaron Eckhart, is a lobbyist for tobacco companies. His son has asked for assistance with his homework.
In this second clip from the same movie, Nick Naylor, tobacco lobbyist, teaches his son how to argue an issue.
The Nick Naylor character advocates several strategies for making arguments. Do you think those arguments were effective? Under what circumstances would you utilize those strategies?
Please don't copy from the past.
Thank you.

Answers

In the movie "Thank You for Smoking," Nick Naylor, a tobacco lobbyist, teaches his son strategies for making arguments. Whether those arguments were effective is subjective, but the film highlights certain persuasive techniques.

The strategies include shifting the burden of proof, using logical fallacies, appealing to emotions, and employing rhetoric. These techniques can be effective in certain circumstances, such as when trying to sway public opinion or when engaging in debates where winning over the audience's emotions plays a crucial role.

However, it's important to note that these strategies may not always hold up under scrutiny or align with ethical standards, as they can manipulate facts and exploit emotions for personal gain.

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The Odyssey: Central Ideas and Character Motivation, Part 2

Pre-Test

Active

TIME REMAINING

46:31

Read the excerpt from The Odyssey.

What two things are being compared in this epic simile?

Then,

Abel

his chores being all dispatched, he caught

another brace of men to make his breakfast,

and whisked away his great door slab

to let his sheep go through--but he, behind,

reset the stone as one would cap a quiver.

the door slab to the Cyclops' sheep

the stone to a quiver

a brace of men to breakfast

the Cyclops' chores to the men

Answers

Answer:

the stone to a quiver

Explanation:

The simile is a figure of speech that allows the comparison between two similar things or that establish a strong relationship with each other, in some way. In other words, we can say that the simile uses different objects that have similarities in some element and establishes a comparison between the two, evidencing an idea within the text.

In the text shown in the question above, the simile can be perceived by comparing "stone" and "quiver".

What are some similarities and differences between the US Constitution and the Iroquois Constitution?

Answers

Answer:

Explanation:

Iroquois constitution and US Constitution similarities

The U.S. talks about the people and giving all the people rights. A similarity is that the both talk about having checks and balances in the government. In the Iroquois constitution, they talk about the tree that binds them together and they have laws that involve their religion.

Need help with both !!

Answers

Answer:

12. Ottoman Empire and 13.Humanitarianism

Explanation:

Three dogs eaf 30 pounds of food in 10 days. If each dog eats the same amount, how much food does 1 dog eat in 1
day?
o 1 pound
O 3 pounds
O 9 pounds
O 10 pounds

Answers

Answer:

they each eat 1 pound a day

Explanation:

1 pound for 10 days is 10 pounds of food now multiply by 3 cause of 3 dogs and they eat 30 pounds of food each 10 days.

Answer:

1 pound

Explanation:

How I figured it out was I divided 30 pounds by 10 days, and that meant that three pounds was eaten each day, however you want to know how much 1 dog eats in 1 day, so then divided 3 by 3, making 1.

30/10=3

3/3=1

1 dog eats 1 pound of food each day.

Describe the reasons that third parties exist and how they affect politics in the US.

Answers

Answer: A i just did it!

Explanation:

Which Jewish financier lent money to the Continental Congress to pay the army without collecting any interest?

Answers

Answer:

Haym Salomon

Explanation:

Haym Salomon was a Jewish financier of Polish origin who emigrated to New York City in 1775, shortly before the break out of the American Revolutionary War.

He simpathized with the Patriot cause and even helped some prisoners of the British escape.

He contributed to the revolutionary cause with over $650,000 of the time, which would be around 9.4 billion today. Most of these funds went directly to the patriot army.

Why were the river valleys of the Yellow River, the Tigris and Euphrates Rivers, and the Indus River centers of early civilization?
A.
The rivers created the power for early mills and simple machines.
B.
The rivers were natural defenses against invasion by other civilizations.
С.
The rivers carried valuable minerals down from surrounding
mountains.
D.
The rivers provided rich soil and nutrients to the lands surrounding them.

Answers

Answer:

The answer is d.

Explanation:

The rivers carried silt, which is fine bits of clay or sand found at the bottom that had many nutrients. The silt that washed up from the rivers made the land surronding the rivers good land for farming, which resulted in alot of extra food, or surpluses.

provided suffrage (right to vote) to women

Answers

Answer:

woman's suffregette

Explanation:

kwksosoowowowowoekekekeowowow

Answer:

President Wilson with the 19th amendment

Explanation:

Where was Ghana located?

Answers

Answer:

coast of the Gulf of Guinea in western Africa

Explanation:

AYE I’m from there!!!! You should visit one day

Answer:

Africa

Explanation:

identity some of the benefits that an individual gains from belonging to the
com
community group

Answers

talking, sharing, explaining

How does Athenian democracy compare to the democratic system of the United States?
Make it a paragraph of 4 sentences plz

Answers

Answer: For starters, they had a totally different form of election. Elections were held through a lottery/chance technique, and they only personally selected their military leaders (like Pericles). "The quintessentially democratic method was selection by lot, a practice that embodies a criterion of selection in principle opposed to the alienation of citizenship and to the assumption that the demos is politically incompetent"

1. In the Articles of Confederation, which powers are delegated to the national government?

Answers

Answer:

1. Delegated (sometimes called enumerated or expressed) powers are specifically granted to the federal government in Article I, Section 8 of the Constitution. This includes the power to coin money, to regulate commerce, to declare war, to raise and maintain armed forces, and to establish a Post Office.

Explanation:

what other aspects of world war ii, outside of the conventional military side of things, were significant for understanding this war as major global event?

Answers

World War II (1939–1945) was a significant global event that had a variety of consequences. It was one of the most extensive wars in history, involving over 100 million people from more than 30 nations and continents.

Economic Aspects: World War II had a significant impact on the global economy, changing the economic structure of the world. It resulted in the growth of the United States' economic power, the decline of Europe's economy, and the rise of Japan as an economic power. The war also saw the development of new technologies that were later used in various industries, including medicine, agriculture, and transportation.

Political Aspects: World War II was a political event that had a profound impact on global politics. It saw the rise of the United States and the Soviet Union as global superpowers, and it resulted in the creation of the United Nations. The war also saw the formation of various alliances, such as the Axis and the Allies.

Social Aspects: World War II had a significant impact on society, changing the way people live their lives. The war resulted in the displacement of millions of people, including refugees and displaced persons. It also had a significant impact on women's roles in society, as they took over many jobs traditionally reserved for men.

Cultural Aspects: World War II had a significant impact on global culture. It resulted in the creation of various cultural artifacts, such as films, literature, and music, that have had a lasting impact on popular culture. The war also saw the rise of new forms of art, such as abstract expressionism and pop art.
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x2 - 7x + 9 =0 please leave answer in surf form and simplify This article examines the effect of inflation on the taxation of capital. Initially, assuming no inflation, the nominal interest rate is 5% per annum and the tax on interest income is 30%. As a lender, that affects your interests. Suppose you buy a 1-year treasury bill with an amount of VND 100 million. Define: a. Total pre-tax income that you receive after 1 year. b. Tax payable. c. Net income and real interest after tax. Now suppose inflation is 15% for the year and the nominal interest rate is 20% (so the real pretax interest rate is still 5%). Define: d. Total income before tax and payable tax rate. e. Total net income and real interest after tax. f. Do you have any comments when comparing the results between the two cases. who is considered to be the most influential leader of the christian church What changes do we see as a result of Earth's rotation? Revolution? Oriole Company sells its product for $10400 per unit. Variable costs per unit are: manufacturing, $5900; and selling and administrative, $130. Fixed costs are: $26400 manufacturing overhead, and $36400 selling and administrative. There was no beginning inventory at 1/1/20. Production was 24 units per year in 2020-2022. Sales were 24 units in 2020, 20 units in 2021, and 28 units in 2022. Income under absorption costing for 2021 is a$29000. b$31600. c$53600. d$24600. Packaging Corporation of America (PCA) reported the following manufacturing (Mfg) costs to produce 1,000MSF:Paper CostsConverting and Combining Mfg LaborIndirect Materials: Ink and GlueDepreciation of factory building and MachinesProduction Manager's SalarySale Manager's SalaryJanitorial Services$50.000$17,000$5.000$6,000$400$425$50Based on this information, determine the product (inventoriable} costs:Based on this information, determine the Total Product Cost/MSF: In your opinion, do publics help in the development of an organization? Explain how the publics can help an organization to survive in the business world. 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0.00632 into a scientific notation 32,560,008 into a scientific notation 5.630 into a scientific notation 95.002 into a scientific notation yall please idk whats going on hehdjsjsj consider a uniformly charged spherical volume of radius r which contains a total charge q. find the electric field and the electrostatic potential at all points in the space. Read the excerpt from Between the Silver and the Ash.KENNETHBut if she found it . . .XAVIERShe put something else there. Just for me. She died last year, you know. She put something in the hiding place for me before she died. I've been following her clues for a year. This is the last one.KENNETHWhy didn't she just give it to you? Whatever it is?XAVIERShe said I needed to learn persistence. I always gave up on things. So she hid her gift in the forest so I would learn to persevere.KENNETHWell, it doesn't look like you're going to get it, no matter what.Which is the best description of Xavier, based on this excerpt? Question 2If a rocket travels 9,684 km in 2.4 hours, what is its speed in km/hr? which hominin is responsible for making tool c?group of answer choiceshomo habilishomo erectushomo heidelbergensishomo neanderthalensishomo sapiens Which sentence shows that human civilization has been positively affected by the discovery of copper? A) In the meantime, from around 5000 BC, early metalsmiths used trial and error to hone the process of the production of copper. B) It is estimated that ten thousand tons of copper ore were mined throughout ancient Egypt to create the three hundred thousand chisels needed. C) The making of copper tools initiated a spectacular growth in human technology, being instrumental in the birth of other technologies, cities, and the first great civilizations. D) It is estimated that the copper chisels would have needed to be sharpened every few hammer blows in order for them to be useful. Suppose Alex's Melodica shoppe is a non-price discriminating monopolist and is producing his profit-maximizing level of output. Suppose further that at his current level of output, Alex's average total cost is $300, his average fixed cost is $250, and his marginal revenue is $200. It can be concluded with certainty that the price of a melodica is ______ in the short run. **most important-- please include how you find the answer---a) greater than or equal to 300b) greater than 200c)greater than 250D)equal to 200e)greater than or equal to 200--What about for Long run? HELP QUICK!!! GIVING BRIANLIEST FIRST ANSWERAnastasia found an unfamiliar word in her reading and looked it up in a glossary. What should she do to make sure she understands the words meaning in the text?reread the text with a synonymrephrase the text with the definitionlisten to the pronunciationwrite the text in her own words you can calculate the surface area of a cube if you know the length of an edge. write a program that tak What is the attractive or repulsive force between two ferromagnetic objects is called? trauma, neglect, and stress can create a chronic state where neurochemical reactions occur, including an increase in the production of stress hormones and steroids, which, over time, can lead to physical and mental disorders. neuroscientists studying this process continue to label it with which term used by psychodynamic theorists? In South Carolina, society became more divided after the arrival of large numbers of....A.) Spanish settlers.B.) English settlers.C.) Scots-Irish settlers.D.) French Settlers.