Explain how the principle of diminishing returns weakens the Ricardian model.
What will be an ideal response?
Answer: The Ricardian model assumes that there is perfect competition where two countries can produce two goods using one factor of production. However, this is most likely not the case in the real world. The law of diminishing returns states that the more something is made, the more inputs will be required in order to make more outputs. Because of this, the resources needed for inputs can't always be limited to one. This means that countries will have to use more than just one resource.
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Landlord-held security deposits may be withheld to cover costs that are due or to restore the premises to original condition excluding normal wear and tear.
a. true b. false
The functional theory of attitudes was initially developed to explain how ________
A) people identify with products B) attitudes facilitate social behaviors C) attitudes are learned from family and friends D) attitudes change over an individual's lifetime