TOPIC 3 “How does Vietnam apply the theory of comparative advantage?” Vietnam’s comparative advantage in fishery products Team 6 - KT39B Table of contents I. Analytical framework........................................................ 2 1. Revealed Comparative Advantage............................................. 2 2. Applying to Vietnam’s fishery production.................................. 3 II. Empirical results........................................................
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Explain the Platonic concept of Forms. Plato believed that reality is more than what we sense around the world (e.g. taste‚ smell‚ hear‚ see and touch)‚ he believed that behind these physical realities lies a perfect version of them in which he called Forms and that the greatest thing we can learn is to have knowledge and understanding of them. Plato’s theory means that what we can sense around us (for example a chair) is just a mere shadow of the perfect version which exists in the world of Forms
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Explain Christian concepts of love The idea of Christian love as presented in the Bible is mainly based upon the concept of agape love. Agape is the epitome of Christian love. It is an unconditional love for others which expects nothing in return‚ it is both a chosen and committed love. This concept appears in the Bible when Jesus said‚ "By this all will know that you are My disciples‚ if you have love for one another" (John 13:35). This shows us that agape love is the unconditional and abundant
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a) Explain the concept of ‘Irreducible Complexity’. [25marks] The concept of Irreducible Complexity comes from the argument about Intelligent Design. The argument refers to certain features that are present within the universe and within living organisms and where they possibly came from. Those who argue irreducible complexity say that these features are too complex to not have come from design‚ whereas those who argue against irreducible complexity say that it is possible for these complex features
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’How do the writers of the bible explain the concepts of God as creater?’ In the bible there is two main creation stories; genesis one and genesis two. Each of these are very different concepts of God as creater. In genesis one the world is created by God in six days‚ and on the seveneth day God rests. On the first day God created light‚ on the second day God created day and night‚ on the third day God created earth‚ on the fourth day God created sky‚ on the fifth day God created sea and fish
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Resources‚ Comparative Advantage and Income Distribution A Written Report Requirement for ECONOMICS 141: International Economics Professor Burt G. Galang 30 August 2014 Resources‚ Comparative Advantage and Income Distribution The previous discussion has shown how international trade could be helpful to both countries that are engaged in it as shown in the Ricardian Model. Now that we have seen the positive effects of trade‚ it is time to take a look at how
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Globalization Supporting Comparative Advantage in Economies By: Mina Sherif Samy – Group A weekends Globalization Supporting Comparative Advantage in Economies Globalization is a process fueled by‚ and resulting in‚ increasing cross-border flows of goods‚ services‚ money‚ people‚ information‚ and culture (Held et al. 1999:16). Stephen Kobrin (1997:147-148) describes globalization as driven not by foreign trade and investment but by increasing technological scale and information flows. Sometimes
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We will now attempt to define and explain the concept of recovery briefly. "Recovery is a way of living a satisfying‚ hopeful and contributing life even with limitations caused by illness. Recovery involves the development of new meaning and purpose in one’s life as one goes beyond the catastrophic effects of mental illness” ( Barker‚ 2009‚ p.682). Whitley and Drake (2010) in their article Recovery: a dimensional approach opine that recovery has five dimensions which are; clinical recovery (experiencing
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Aristotle essay A. Explain Aristotle’s concept of causality. Aristotle completely disagreed with some parts of Plato’s theories‚ despite the fact he was his teacher. He respectfully made it known that he had identified four causes that explain why or why not an object or living being exists. They were known as Aristotle’s four causes which included; the material cause‚ the formal cause‚ the efficient cause and the final cause. The material cause is very basic and asks the question: what is
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P5: Explain the concept of homeostasis. P6: Follow guidelines to interpret collected data for heart rate‚ breathing rate and temperature before and after a standard period of exercise. M2: Discuss the probably homeostatic responses to changes in the internal environment during exercise. M3: Present Date collected before and after a standard period of exercise. D2: Evaluate the importance of homeostasis in maintaining the healthy functioning of the body. P5 Homeostasis is a natural
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