Social Studies, 12.02.2020 21:23 Kazya4
Patrick J. Buchanan, a former presidential candidate, argues in his book on the global economy2 that there is a flaw in David Ricardo's theory of comparative advantage3: "Classical free trade theory fails the test of common sense. According to Ricardo's law of comparative advantage. . . if America makes better computers and textiles than China does, but our advantage in computers is greater than our advantage in textiles, we should (1) focus on computers, (2) let China make textiles, and (3) trade U. S. computers for Chinese textiles . . . 4 The doctrine begs a question. If Americans are more efficient than Chinese in making clothes . . . why surrender the more efficient American industry? Why shift to a reliance on a Chinese textile industry that will take years to catch up to where American factories are today?"
Answers: 2
Social Studies, 22.06.2019 10:30, oliviaschmitt0
What would you call a political system that is only meant to last for a short time
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Which term describes a possible explanation of, or answer to, a scientific question that is based on prior knowledge or research and that is testable?
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Social Studies, 22.06.2019 23:00, odetteerivera
Which of the following statements concerning brazil since independence is not true? brazilians today can participate in politics through voting. brazil has been governed by dictators and elected officials. brazil became independent from portugal in 1822. brazil was the first country in the americas to end slavery.
Answers: 2
Patrick J. Buchanan, a former presidential candidate, argues in his book on the global economy2 that...
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