comparative advantage: The theory provides a basis for explaining and justifying international trade in a model world assumed to enjoy free trade‚ perfect competition‚ no uncertainty‚ costless information‚ and no government interference. 5. Limitations of comparative advantage: a. Countries do not appear to specialize only on those products that could be most efficiently produced by that country’s particular factors of production. b. Governments interfere with comparative advantage for a variety
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PESTICIDES IN OUR ECONOMY INTRODUCTION A pesticide is a material used to kill or reject a pest. Pesticides have disadvantages and advantages. They are able to restrain pests‚ but it can also kill other organisms as well. Not only do they affect animals but they can effect us‚ as humans. A pesticide is a biological‚ physical‚ or chemical agent used to kill plants or animals that are harmful to people. The name pesticide is generally applied only to chemical agents. Examples of different
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ADVANTAGE OF HAVING TWO MONTHS PRIOR TO YOUR SEMINAR * The advantage in preparing your seminar in two months prior to your seminar is that you can prepare everything with excellence because you have a lot of time to prepare. * You have a lot of time to locate a good venue‚ decide a design so that can capture the audience interest by seeing the area so relaxing and refreshing. * Whatever food you plan to fix‚ try to keep to the middle of the road in your selections of what to fix. Think
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What are advantages and disadvantages of advertisement? • The advertisement informs the consumer about qualities and price of goods and this makes purchasing easy for the consumers. • As the prices are already advertised‚ the consumers cannot be over charged. • By regular advertisement‚ the manufacturer can sell the goods directly to the consumers without depending on middlemen this eliminates the Middleman’s charges and profit. It means higher profit to the manufacturer and lower
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Competitive Advantage of Nations Michael E. Porter Harvard Business Review 90211 HBR MARCH±APRIL 1990 The Competitive Advantage of Nations Michael E. Porter National prosperity is created‚ not inherited. It does not grow out of a country’s natural endowments‚ its labor pool‚ its interest rates‚ or its currency’s value‚ as classical economics insists. A nation’s competitiveness depends on the capacity of its industry to innovate and upgrade. Companies gain advantage against
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Conventional Bombing on Japan. Advantages – Japan had lost WWII in 1945. 1. Japan had to choose between surrendering and fighting and they chose to fight. 2. The United States knew that Japan was not going to win the war. Disadvantages – Truman made an atomic bomb to kill in large amounts. 1. Truman invaded Japan and dropped an atomic bomb on the Japanese city. 2. The firing bomb attack killed more than 80‚000 people in Tokyo. Option #2 – Japans ground invasion. Advantages – The Japanese did not surrender
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everything in life‚ both chain and independent restaurants come with advantages and disadvantages; however‚ they both possess common factors such as growth‚ economic sales and development. Pertinent to the success of chain and independent restaurants is site selection. Because chain restaurants have more resources including the ability to retain realtors that specialize in real estate growth and development‚ they have an advantage. Though chain restaurants have the funding to hire experts in
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The advantage of living in Malaysia Moving to a different country or studying abroad are very usual situations nowadays. Many people consider migrating to Malaysia. There are two advantages of living in Malaysia which are the weather is good and the other one is they can know many different cultures. The most important advantage of living in Malaysia is the tropical climate since it’s near the equator. The year-long warm and sunny climate offers a great lifestyle‚ especially for
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Ethanoic Acid Advantages: Ethanoic acid is non-toxic and is a weak acid‚ meaning it will not do any damage to most surfaces as it does not corrode or bind to other metals‚ therefore can be easily removed through washing or rinsing it. Disadvantages: Ethanoic Acid is the slowest de-scaler of the three acids‚ and is therefore the least effective. It also may cause an unpleasant smell‚ and can have a negative effect on the taste of coffee meaning one would need to spend longer time rinsing and cleaning
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ADVANTAGES OF HIGHER EDUCATION General Purpose: To Inform General Purpose: To inform my listeners of advantages of a college education. Central Idea: Having a solid grasp on being taught‚ being a learned individual on a mission to succeed‚ and bringing the best result out of the repetitiveness of daily life. Introduction I. Attention Material: A. “The Benefits
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