Which statement describes the difference between the Ricardian and the specific factors models?

Which statement describes the difference between the Ricardian and the specific factors models? Unlike in the Ricardian model, labor is shared between the two industries. Thus, the specific factors model explains why a country produces a product and also imports it. What does the Heckscher-Ohlin theory explain? Heckscher-Ohlin theory, in economics, a theory of comparative […]

What is the US measurement system called?

What is the US measurement system called? United States customary units are a system of measurements commonly used in the United States since it was formalized in 1832. The United States customary system (USCS or USC) developed from English units which were in use in the British Empire before the U.S. became an independent country. […]

What are 5 facts about Egypt?

What are 5 facts about Egypt? Top 10 Facts About Ancient Egypt! They lived along the River Nile. Pyramids and tombs were used for Pharaohs. They preserved bodies. 130 pyramids?! Mouldy bread medicine. Egyptian men and women wore make up. Egyptians invented a lot of the things we use today. Cats were very special in […]

Which was the most likely effect of womens increasing education and professional achievement during the Progressive Era?

Which was the most likely effect of womens increasing education and professional achievement during the Progressive Era? Rich women had fewer servants since poor women worked in factories. Women became educated in professional fields such as law and medicine. The percentage of unmarried women rose as working men died younger. Women took leadership roles in […]

Which geographic factor contributed to the formation of independent city states in ancient Greece?

Which geographic factor contributed to the formation of independent city states in ancient Greece? Greek city-states likely developed because of the physical geography of the Mediterranean region. The landscape features rocky, mountainous land and many islands. These physical barriers caused population centers to be relatively isolated from each other. The sea was often the easiest […]

What is individually rational is collectively irrational?

What is individually rational is collectively irrational? To reiterate, individual rationality manifests itself in a ‘sensible’ individual decision or action following the principle we put forth earlier. Collective irrationality is just the opposite at a larger social scale, and we can loosely define it as a collectively unsound or unreasonable behavior of a group. What […]

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