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.
Balancing selection and heterozygote advantage.
What makes tea so good
Human of the planet's net primary production and appropriation of NPP
Peanut butter is good source of protein
Too Much Alcohol Costs You Good Nutrition
Complete the following production chart and plot the points.