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What considerations might limit the extent to which the theory of comparative advantage is realistic?Answer: The theory of relative advantage was initially advanced by the nineteenth century economist David Ricardo as a description for why nations trade with one another.The theory claims which economic well-being is improved if each country’s citizens generate what they have a comparative advantage in generating relative to the citizens of other countries, and after that trade products. Fundamental the theory is the assumptions of free trade among nations and that the factors of production (labor, technology, land, buildings, and capital) are comparatively immobile. To the extent that these types of assumptions do not hold, the theory of comparative advantage will not practically describe international trade.
what are the arguments in favour of profit maximization?
CAPITALISATION RATE=0.01 EARNINGS PER SHARE(E)=10 ASSUME RATE OF RETURNS ON INVESTMENTS (R):15
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Constructing Index Numbers There are two approaches for constructing an index number namely the aggregates method and average of relatives method. The index constructed in eit
Financial Management Initial Disclosures During the process of discussion and negotiation with the client with regard to the financial affairs and the manner of operations of the
Claim for Refund - A refund isn't automatically mailed if one is due. A taxpayer whether individual orbusiness, should file a request on a form. It should also be filed within the
discuss the applicability of an operating cycle of a vegetable growing business
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Participants in Hedge Funds: The Sponsor and the Investors Sponsors are promoters and generally, they hold a profit share on percentage for the capital invested in the Fun
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