Describe comparative advantage.

The law of comparative advantage describes how, under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage. In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. (One should not compare the monetary costs of production or even the resource costs (labor needed per unit of output) of production. Instead, one must compare the opportunity costs of producing goods across countries).

Explanation:

a. inform

explanation:

"how to" tells us that it will explain how to, which means to inform

waves come crashing to grey sullen shores.

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high above, a seagull soars high.

wings of purity it spreads to fly.

battling high against darkened cloud,

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beneath, the sand is soft and warm.

sculpted by nature, it's weathered the storm.

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i listen again to the whispering waves,

music of nature calming and brave.

its power unknown, its stillness untamed,

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