Answer to Question 1
Countries that do not have an absolute advantage in the production of a good can also benefit from trade. Even if a country cannot produce more of a good compared to other countries, it can still gain from the trade of that good as long as it has a comparative advantage in production. Comparative advantage is the ability of an individual, firm, or country to produce a certain good at a lower opportunity cost than other competing producers. So long as opportunity costs are not the same across countries, one country will always have a comparative advantage in producing some goods and the other country other goods.
Answer to Question 2
Long-run competitive equilibrium exists in an industry when price is equal to short-run marginal cost, short-run average cost, and long-run average cost. This implies that firms are earning zero profits.
The insect family Coenagrionidae is found in the order Odonata and the suborder Zygoptera.
Determining the order and rate constant of an irreversible first-order reaction
Carrots are a good source of vitamin A
Dried fruits are good source of sulfur
Cost of Copying for the Follower Country
Average Annual Growth Rates of Population by Country Group