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 role did William the Conqueror play in the development of a national identity for England?
What role did William the Conqueror play in the development of a national identity for England? What role did the invasion of William the Conqueror play in the development of a national identity for England? William the Conqueror took control of most of England’s lands and, eventually, a set of common laws was established for […]
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. […]
How does cost leadership create a competitive advantage?
How does cost leadership create a competitive advantage? In business strategy, cost leadership is establishing a competitive advantage by having the lowest cost of operation in the industry. Cost leadership is different from price leadership. A company could be the lowest cost producer yet not offer the lowest-priced products or services. When the costs of […]
What were the main beliefs of Guru Nanak?
What were the main beliefs of Guru Nanak? The most famous teachings attributed to Guru Nanak are that there is only one God, and that all human beings can have direct access to God with no need of rituals or priests. His most radical social teachings denounced the caste system and taught that everyone is […]
Why is trust in science important?
Why is trust in science important? We trust that some knowledgeable person would question them if necessary. And so, historically, the reputation of individual scientists has been important in facilitating the spread of scientific theories and discoveries. If a scientist is, or can appear to be, trustworthy, so might that scientist’s ideas. What makes science […]
What is the voir dire process?
What is the voir dire process? Voir dire is the process used by the parties to select a fair and impartial jury. During voir dire, the jury panel is questioned by both parties’ lawyers. The questions are intended to help the lawyers in the jury selection process. After voir dire, the jury is selected from […]
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 […]
What kind of ventilation is preferable at the warm and humid climatic zone?
What kind of ventilation is preferable at the warm and humid climatic zone? HOT AND HUMID ▪ Orientation and ventilation: ▪Semi – open spaces for light and air movement . Buildings should be spread out with large open spaces in between for uninterrupted air movement. Cross ventilation is very important. large openings to unobstructed air […]
How does geography affect Canada?
How does geography affect Canada? Similar to Russia and Australia, Canada is a vast and—to a large degree—uninhabitable country due to climate and/or terrain. Geography has played a major role in how the country has developed. It affects national and provincial politics, transportation and trade, and national security and foreign policy. How did physical geography […]