Select the correct answer.
What is absolute advantage?
A.
having a lower opportunity cost to produce goods than other firms or nations
B.
having a lower cost of production than other firms or nations
C.
having more available resources for producing a good than other nations
D.
having fewer or no trade barriers for international trade than other nations
Answers
Answer:
B. Having a lower cost of production than other firms or nations.
Explanation:
In the seventeenth century, economic inquiry emerged as a separate science. But that didn't just happen overnight. The process of crude conceptualization and creation of political economic concepts had long before started to emerge.
Commodity, exchange, money, pricing, loan interest, commercial profit, and other economic concepts were already familiar to ancient Egyptians, Greeks, Hindus, and other peoples.
Ancient Egyptian papyri, the Hammurabi Code, the Vedas of Ancient India, Homer's Odyssey and other works of the ancient Greek poet, Xenophon, Plato, Aristotle and other philosophers of Greek antiquity, etc., all include a wealth of information and ideas that are quite intriguing.
The ancients had very rudimentary knowledge of economic concepts.
The history of economic thought starts with the writings of Xenophon, Plato, and particularly Aristotle, who made the first theoretical step towards an understanding of the economy of ancient Greek society (which was at the stage of the collapse of the primitive-communal system and the rise of slavery) and articulated some remarkable ideas on value, commodity exchange, and the earliest forms of capital: trading (merchant's) and usury capital.
In the late sixteenth and early seventeenth centuries, commerce and monetary activities rather than manufacturing were where capitalist institutions initially emerged.
Eventually, this development of the future capital became known as Mercantilism, which represented the interests of the capital of the merchants in England, Italy, and France. The main spokespersons for it were Thomas Mun and William Stafford in England, Antonio Serra in Italy, and Antoine de Montchrestien in France.
The French mercantilist Antoine de Montchrestien first used the phrase "political economy" in his Treatise of Political Economy (1615), which offered advice on how to manage the state economy and increase the nation's riches. The phrase, which originally meant "the laws of state administration," was derived from three Greek words: "politikos" (state, social); "ikos" (home or its management); and "nomos" (rule of law).
The Physiocrats—Francois Quesnay, Turgot, and others—developed bourgeois political economics later, in the seventeenth century. French economist François Quesnay belonged to the Physiocratic school. He is renowned for publishing Tableau économique (Economic Table), which laid the groundwork for the Physiocrats' theories, in 1758. French statesman Turgot, Baron de l'Aulne, also known as Turgot, was greatly inspired by Quesnay and was also an economist in his own right.
They changed the focus of economic inquiry away from the domain of circulation and toward the sphere of production, in opposition to the mercantilists.
Karl Marx observed in 1859 in the section 'Historical Notes on the Analysis of Commodities' in A Contribution to the Critique of Political Economy: 'The decisive outcome of the research carried on for over a century and a half by classical political economy, beginning with William Petty in Britain and Boisguillebert in France, and ending with Ricardo in Britain and Sismondi in France, is an analysis of the aspects of the commodity into two forms of labour – use-value is reduced to concrete labour or purposive productive activity, exchange-value to labour-time or homogeneous social labour.' In Capital (1867) he defined political economy: '… by political economy I understand the economy which since the time of W. Petty has investigated the real relations of production in bourgeois society'.
Marx made a distinction between such men as Petty, Smith and Ricardo and their successors. He wrote of the former that they devoted their efforts 'to the study of the real interrelations of bourgeois production', while the latter were 'content to elucidate the semblance of the interrelations' and to act in effect as apologists for the capitalist class. He called them 'vulgar economists'.
Engels had already warned, and shown great foresight, in 1843 when he wrote in his Outlines of a Critique of Political Economy: 'The nearer to our time the economists whom we have to judge, the more severe must our judgment become. For while Smith and Malthus found only scattered fragments, the modern economists had the whole system complete before them: the consequences had all been drawn; the contradictions came clearly enough to light, yet they did not come to examine the premises and still accepted the responsibility for the whole system. The nearer the economists come to the present time, the further they depart from honesty'.
Answer:
See image
Explanation:
Plato
Related Questions
Skyscrapers solved housing and ____
issues in large
cities.
A. office space
B. sanitation
C. transportation
D. entertainment
Answers
hope this helps
How did Americans support the war at home? Select all that apply.
they moved to Canada
they purchased war bonds
Othey rationed food
Othey employed women
Answers
Answer: they purchased war bonds, they rationed food
Explanation:
hope this helps
Read this passage from the U.S. Constitution:
This Constitution, and the Laws of the United States which
shall be made in Pursuance thereof; and all Treaties made,
or which shall be made, under the Authority of the United
States, shall be the supreme Law of the Land; and the
Judges in every State shall be bound thereby, any Thing in
the Constitution or Laws of any State to the Contrary
notwithstanding.2
What is the purpose of the passage?
OA. To establish that federal laws are superior to state laws
OB. To guarantee the protection of individual rights
OC. To give the president the power to make treaties
OD. To create the legislative branch of the federal government
Answers
The purpose of the passage A. To establish that federal laws are superior to state laws
The Supremacy Clause of the Constitution of the United States (Article VI, Clause 2) demonstrates that the Constitution, federal laws made pursuant to it, and compacts made under its authority, constitute the "supreme Law of the Land", and thus take preference over any conflicting state laws.
What does Article 6 of the U.S. Constitution say?
All Debts acquired and Engagements entered into, before the Adoption of this Constitution, shall be as valid against the United States under this Form, as under the Confederation.
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1 . How does your understanding of modern Jerusalem add to or change your understanding of the Crusades?
2 . In a paragraph describe which consequence of the Crusades had the greatest impact on society
There were a number of consequences/ effects of the crusades such as the trans-regional and Eurasia. ……
Answers
My understanding of modern Jerusalem add to my understanding of the Crusades because it shows that the crusade played a role in modern Jerusalem as it brought about:
Economic expansion.More trade and use of moneyHow did the Crusades affect life in general, trans-regional and Eurasia?The Crusades change a lot of lives in Europe and all as in regard to Europe, the Crusades brought about economic expansion, more freedom of trade and use of money and it brought about the prosperity of northern Italian cities.
Another effect is that it lead to the rise of power of Kings and it lowers the power of the nobles. It brought more increased power of the monarchs, and of the papacy.
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WILL MARK BRAINLIEST!!!!
When is the first historical record of slavery?
O Ancient Egyptians with Nubians forced to build the pyramids c. 2500 BCE
O The Sumerians among the first writings of any kind c. 3500 BCE
O The early Roman Empire with captured prisoners of war c. 20 BCE
O The Portuguese in West Africa in the early 1400s
Answers
Answer:
c: The Sumerians among the first writings of any kind c. 3500 BCE
Explanation:
Sumer or Sumeria is still thought to be the birthplace of slavery, which grew out of Sumer into Greece and other parts of ancient Mesopotamia.
Answer: c
Explanation:
By the end of the Russian Civil War, which military group had seized control of
Russia?
A. The White Army
B. The Czarist Army
C. The Red Army
D. The Duma Army
Answers
Option C. By the end of the Russian Civil War, the red army had seized control of Russia.
What was the red army?This was the name that was given to the military group that had taken control of Russia at the end of the civil war.
The group were the ones that were in support of Russian policies of Communism.
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The military group that seized control of Russia by the end of the Russian civil war is : ( C ) The red Army
The Red ArmyThe red army was a military group which provided the largest land force for the allied forces during the world war II. after the Russian civil war this military group seized control of Russia.
Hence we can conclude that The military group that seized control of Russia by the end of the Russian civil war is : ( C ) The red Army
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Question 1 of 50
2 Points
Czech nationalists in Bohemia and what other location demanded that they be allowed for form an autonomous state like Hungary?
A. Yugoslav
Answers
Answer:
Explanation:
I just came across this problem on a test and it was multiple choice with options A. greece B. croatia C. yugoslavia and D. moravia. the answer is C.
Yugoslavia is the other location like Czech nationalists in Bohemia which demanded that they be allowed to form an autonomous state like Hungary
Autonomous state
A country's autonomous areas are those that have some degree of independence from outside authorities. It is customary for it to be located far from the country in terms of geography or to be home to a national minority.An example of an autonomous area is the Land Islands. An autonomous territory is in charge of its own affairs and has the ability to decide without outside interference. The word "autonomos," which denotes having one's own laws, is where the name's Greek origins lie.Learn more about autonomous state here:https://brainly.com/question/1488097
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pls help with the question below
Answers
When the Free State Hotel in Lawrence, Kansas was burnt to the ground, this was known as B. Bleeding Kansas.
What was Bleeding Kansas?Bleeding Kansas refers to a time in the history of the state of Kansas when it applied to become a state in the United States.
It was allowed to give its residents the right to vote for which kind of state they would be; slave state or free state.
Both abolitionists and pro-slavery supporters went there to influence the vote and got into fights that ended fatal sometimes.
The burning of Free State House was done by pro-slavery activists who also sacked the entire town.
In conclusion, this was part of Bleeding Kansas.
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What was a common camp activity for soldiers during the Civil War? A. hand to hand combat B. storytelling C. homemade cooking
Answers
Answer:
B
Explanation:
Soldiers usually got together and told stories to each other.
Hope it helps.
Feudalism was based on the exchange of which of the following?
A.
Titles and dignitaries
B.
Personal allegiance
C.
Children to foster
D.
Money and gifts
Answers
Feudalism was based on the exchange of option(b) i.e, Personal allegiance.
Feudalism was a system of political and military rules that predominated in medieval Europe between the 9th and 15th centuries. It can be broadly characterized as a system for arranging relationships in society around the possession of land, often known as a fief, in return for labor or service.
The major goal of feudalism was to establish a system where a standing army would be created for service in addition to generating land revenue. In other words, feudalism was a social structure in which ownership of land determined one's position in society.
After Rome fell and a strong central government in Western Europe was overthrown, feudalism aided in shielding towns from the bloodshed and fighting that ensued. Feudalism protected Western Europe's society and kept mighty invaders at bay. Trade was revived by feudalism. Lords made repairs to roads and bridges.
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please help ☹️
Conflicts between the European colonists and Indigenous peoples usually resulted in:
Answers
Answer: c.losss of land and right of native people
Explanation:
Answer: How did some Indigenous people react to the growing conflicts between European powers in North America?
C. They allied with European powers.
Explanation: edge2022
After following isolationism under the Ming Dynasty, what was the first country that the Qing Dynasty opened up trade to?
A. Dutch Republic
B. Japan
C. Mongolia
D. Great Britain
Answers
Answer:
A) Dutch Republic
Explanation:
Japan's Tokugawa shogunate imposed kaikin from 1641 until 1853. Most foreign contact was banned. Misleading beliefs about Japan's closedness persist. Japan maintained limited economic and diplomatic links with China, Korea, and the Ryukyu Islands, with the Dutch Republic as its only Western trading partner. They never stopped trading; they traded secretly.
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Why did manufacturer hire children to work in their factories
Answers
What was one consequence of the October Revolution?
Vladimir Lenin was exiled for his opposition to the government.
Russian citizens began to protest food and coal shortages.
Karl Marx created principles to establish classless societies.
The Bolsheviks ended Russia’s involvement in World War I.
Answers
Answer:
Vladimir Lenin was exiled for his opposition to the government.
examine the map below. Where would you place this period in history realtive to the birth of jesus
Answers
Based on the map, the period in history that is relative to the birth of jesus was about 500 years before.
When was Jesus Christ born?History showed that Jesus was born during the Roman period and not the Greek period.
Hence, based on the map, the period in history that is relative to the birth of Jesus was about 500 years before.
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According to the authors of the document, “National Organization for Women, ‘Statement of Purpose' (1966)" what justifications have been used to prevent women from enjoying equal opportunities and freedom of choice?
Answers
According to the "Statement of Purpose" the justifications that have been used to prevent women from enjoying equal opportunities are related to gender roles established by patriarchal society.
What is patriarchy?It is a social system that grants men primary power in society, instituting their beliefs and determinations to women, instituting established gender roles, such as the belief that women should dedicate themselves to the family and home, while men are dedicated to take on leadership positions and build careers.
Therefore, the document "Stament of Purpose" was written in 1966 by American feminists to structure and organize women's struggle in relation to equity and the right to choose their life goals, not being assigned to any pre-established gender role.
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please i really need help: The defendant in a trial is unsatisfied with the District Court of Maryland's
ruling. To which court will the party most likely try to appeal?
Answers
The court that the party that is not satisfied with the District Court of Maryland's ruling will most likely appeal to is the B. Maryland Circuit Court.
What is the court hierarchy in Maryland?Cases start off at the District Court of Maryland and from there, appeals can be made to the Maryland Circuit Court.
Court of Special Appeals then follow afterwards and the Court of Appeals then comes last.
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Compare the lives of black Ameridans prior to the civil rights movement to the lives of black South Africans living under apartheid
Answers
The lives of the black Americans prior to the civil rights movement is a one of segregation living with voter suppression and discrimination in employment which can be compare to black South Africans living under apartheid because the black were not allow to stay in urban areas without job.
How can the black Americans prior to the civil rights movement be compare to black South Africans living under apartheid ?Apartheid policies brought about prohibition of Black people from staying urban areas without immediately finding a job, this can be compare with voter suppression and discrimination facing black Americans.
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What are Byzantine monasteries credited with preserving through the Middle Ages
Answers
The Byzantine monasteries preserved the classics of ancient literature, through the Middle Ages. These monasteries encouraged literacy, promoted learning. They also were self sufficient meaning that they provided everything they needed themselves.
What was the Byzantine Empire?The Byzantine Empire, which is also known as the Eastern Roman Empire or Byzantium, was the extension of the Roman Empire in its eastern provinces during Late Antiquity and the Middle Ages.
The Byzantine empire had its capital city was Constantinople
The Byzantine empire encouraged the building of monasteries because these monasteries housed monks who were among the very few people who could read and write in the middle ages.
These monks helped in spreading education to the world, writing books and recording events.
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What is the economic system in the United States?
Answers
The United States is an oligopoly, which implies that there are so few rivals in every industry that it functions exactly like a fascist monopoly-based economy, sometimes referred to as a pure capitalist economy. A democracy with strict restrictions to ensure a free market has the strongest economy (no oligopoly or monopoly). Multiple firms competing for talent results from free market competition, which raises pay for skilled positions and increases the wealth of all economic participants.
why did the early men not assert rights over land and it's resources why were the size and location of camps kept changing from season to season? why was there never any shortage of food even in times of drought?can you name any such hunter and food gatherer societies in India today?
Answers
A hunter-gatherer obtains most of their food via foraging (collecting edible wild plants) and hunting (pursuing and killing wild animals, including capturing fish), like most natural omnivores. Hunter-gatherer communities contrast with sedentary agricultural societies, which depend on planting crops and rearing domesticated animals for sustenance. This is further explained below.
What is Hunting?Generally, killing an animal or bird for food, recreation, or financial gain: mule deer hunting. A hunting dog and a firearm.
In conclusion, Hunting and gathering dominated at least 90% of human history. Hunter-gatherers who did not adapt to agriculture were ousted and subjugated by agricultural or pastoralist communities worldwide. The split between agriculture and industry is no longer a key marker in human history, nor is there a hierarchy that sets agriculture and industry at the top.
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Regarding English colonization, how were these English colonies related to the Atlantic slave trade?
Answers
English colonies related to the Atlantic slave trade as they transported millions of enslaved Africans to the colonies.
How to illustrate the information?It should be noted that colonization is the process of setting among the indigenous people.
In this case, colonies related to the Atlantic slave trade as they transported millions of enslaved Africans to the colonies.
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English colonies are related to the Atlantic slave trade in the sense that the English colonies are source locations where slaves are gotten by the English and Atlantic slave trade is the process of transporting slaves over the Atlantic ocean to their foreign location where they would be used.
What are colonies?A colony is a country or area under the full or partial political control of another country and occupied by settlers from that country.
Therefore, the correct answer is as given above.
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Based on the information in the chart, what conclusion can be reached about the national government under the
Articles of Confederation?
Answers
The conclusion drawn about the national government under the Articles of Confederation was that it made security spending a national priority.
What was the national government?In accordance with the Articles of Confederation, the national government was the central government which was weaker than state government during the confederacy style.
Hence, in the image, the conclusion drawn about the national government under the Articles of Confederation was that it made security spending a national priority.
Therefore, the Option A is correct.
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How did the Ostend Manifesto help start the Civil War?
The South was outraged over the secret manifesto to defeat slavery.
Northerners were outraged over the South's violent invasion of Cuba.
The South had succeeded in gaining more land in Cuba to expand slavery.
Northerners were outraged at the South's secret attempt to expand slavery.
Answers
Read this excerpt from The Narrative of the Life of Frederick Douglass.
I am strongly tempted to give the names of two or three of those little boys, as a testimonial of the gratitude and affection I bear them; but prudence forbids;--not that it would injure me, but it might embarrass them; for it is almost an unpardonable offence to teach slaves to read in this Christian country.
Which statement best describes Douglass's viewpoint?
He is embarrassed to say that he was taught by young children.
He believes he could be punished for reading to children.
He thinks it is inappropriate to discuss how people learn to read.
He wishes he could thank the young boys who taught him to read.
Answers
The statement that describes Frederick Douglass's point of view is that "He wishes he could thank the young boys who taught him to read".
About the book- Frederick Douglass was born a slave, to narrate the experience of the life of a slave he has written a book name the narrative of the life of Frederick Douglass. Although he did not have to work on the field as another slave, he had to work in the household.
When he was seven he was taken by Huge Auld a son in laws brother of attorney. Huge's wife Sophia tried to teach him but Huge did not allow her to teach him, eventually, he was taught by the local boys how to read and write.
Douglass described their encounter with white workers in the trading factory. Douglass resisted the domination in the factory.
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how did strict adherence to the puritan faith lead to the development of new colonies? (APUSH Chapter 3)
Answers
Strict adherence to the Puritan Faith led to the development of new colonies because it ensured that rules were kept, which enabled founding fathers to create the political structure of the New England colonies.
Who were The Puritans?
The Puritans were a religious sect who practiced a movement known as Puritanism.
Puritanism grew within the Church of England in the late 16th century.
They were of the believe that the Church of England was too akin to the Roman Catholic Church and should eliminate ceremonies and practices not rooted in the Bible.
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In a 5 paragraph essay, examine the impact Amistad Decision had on the antislavery movement. I’ll give brainliest to the best answer.
Answers
The Amistad Decision by the United States Supreme Court was very influential on the antislavery movement as it encouraged the movement and gave it more support.
What was the Amistad Decision?The Amistad Decision was a case between Spanish plantation owners known as Pedro Montes and Jose Ruiz .
The enslaved people took over the ship and were trying to get back to Africa when the U.S. captured the ship and locked up the Africans.
The Supreme Court ruled in favor of the Africans and said that their enslavement was illegal as they were free and so had to remain free in their homeland.
This gave the abolition movement a lot of support and brought it nationwide attention. Famous people also lent their support which strengthened the movement.
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How did the Supreme Court decision to throw out laws about children at work help big businesses, which grew under another Supreme Court decision ?
Answers
Answer:although the keating-act was was passed by congress and signed into law by president woodrow wilson, the supreme court ruled that it was unconstitution in hummer v. Dagenhart 247 U.S. 251 (1981) because it overstepped the purpose of the government's powers to regulate interstate commerce.
Explanation:hope this helped
When one party disagrees with the initial ruling in a case, which type of court
would be the first to reconsider the ruling?
Answers
Which method would interest groups most likely use to help shape public policy?
Answers
Methods used by interest groups to help shape public policy to their benefit and the benefits of their members include
Marchesdemonstrationssit-inspicketingboycotting.What are interest groupsInterest groups are a collection of people who share certain views on public matters and work to shape public policy to their benefit.
Most interest groups make use of certain approaches in ensuring that their voices are heard. Some of these approaches include marches, demonstration, sit ins and boycott.
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