in which they have a comparative advantage. Trade flows would increase until the price of each good is equal across countries. In the end‚ the price of each country ’s export good‚ will rise and the price of its import good will fall. The higher price received for each country ’s comparative advantage good would lead each country to specialize in that good. To accomplish this‚ labour would have to move from the comparative disadvantaged industry into the comparative advantage industry. One striking
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drawbacks are preventable with the right education and legal restrictions. Moreover‚ modern technology becomes not just beneficial but almost essential in recent society because of its great advantages. Providing our society with convenience‚ safety‚ and making many things possible are three examples of advantages that modern
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Scottish workers can produce 40 scones per hour or two sweaters per our. A. Which country has the absolute advantage in production of each good? Which country has the comparative advantage? England has the complete advantage when making scones. However‚ Scotland has complete advantage when producing sweaters. England has comparative advantage in scone production. Scotland has comparative advantage in sweater production. B. If England and Scotland decided to trade‚ which commodity will Scotland trade
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the websites‚ which have the explicit content. The advantages are: information‚ communication and creation. For example‚ there is a vast amount of info on the Internet which can be used both by children and adults alike. Everyone uses the Internet for e-mail or blog. And everyday lots of new creations such as websites and forums are created and people use them in accordance to the values of the other 2 advantages. The disadvantages are: people can become addicted to the Internet
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Advantages of Biomass energy. People says that biomass energy do not have any different than other energy. Biomass energy just have the same amount of carbon dioxide‚ methane released. The most famous debate is about food and biomass energy. Large areas of crop and farm land are used for growing biomass. This cultivation of crops for fuel might just put a little to much strain on our limited resources such as water and land which could be used for food crops. This biomass energy also just not economical
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their knowledge‚ to stand together with the other developed countries and Malaysian students need to continue learning Science and Mathematics in English because it is a dominant language of the developed countries. Finally‚ based on these three advantages‚ its can make Malaysian people have a better life. Malaysian need high education to improve their knowledge. According to Noor Azimah‚ the Ministry of Education (MOE) not force the students to change their mother tongue in English but the MOE
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Developing Sustainable Competitive Advantages 1. Customer Loyalty: Customers must be committed to buying merchandise and services from a particular retailer. This can be accomplished through retail branding‚ positioning‚ and loyalty programs. A loyalty program is like a "Target card. " Now‚ when the customer uses the card as a credit card‚ Target can track all of their transactions and store it in their data warehouse‚ which keeps track of the customer’s needs and wants outside of Target. This
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What are some benefits or limitations of the alternative technology regarding economics? (What will it cost to purchase‚ re-fuel‚ launch‚ educate and distribute?) Benefits. No pollution: A great benefit of using Hydrogen fuel cells is that they give off no pollution‚ and in fact produce pure water as a byproduct. Even though currently engineers are concentrating on producing hydrogen from natural gas‚ it will be for a short-term. Scientists are planning to have renewable environmentally-friendly
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This is a loaded question with many potentially right answers. The potential advantages for using a computer depend closely on the intended use. Given a few potential uses‚ here are some of my thoughts: For writing: • Quick entry • Easy to edit and restructure • Many tools to produce various kinds of output (html‚ text‚ books‚ pdf documents‚ etc.) • Storage is inexpensive and doesn’t take up much space • Easy to search/navigate through documents For organization • Many different kinds
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widespread availability‚ a full range of sizes‚ and a price range for any budget there should be no excuse not to own a calculator or restrict the use of calculators. Current issues with calculators have to be dealt with in order to better understand the advantage of this technology‚ which is the intention of this paper. Calculators should be utilized more often not only because current myths block how beneficial calculators really are but also because they create a more efficient student and easily integrated
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