Complete 10 pages APA formatted article: Arguments in Support of the Theory of Comparative Advantage. If a country is relatively more efficient in the production of a good than another country then it has comparative advantage in the production of that good. However, the theory itself is also one of the most commonly misunderstood principles. Suranovic lists that one of its sources of “misunderstandings” derives from its property of being counter-intuitive, that is, many results from its formal model are contrary to simple logic. Secondly, the theory is easy to be confused with another concept regarding advantageous trade, known in trade theory as the theory of absolute advantage. This confusion between these two concepts leads many people to believe that they have understood comparative advantage in full when in reality, it is absolute advantage that they understand. Finally, the theory of comparative advantage is all too often presented only in its mathematical form. The use of numerical examples or diagrammatic representations is extremely useful in illustrating the basic results and the deeper implications of the theory. However, it is also easy to see&nbsp.the results mathematically, without ever understanding the basic intuition of the theory (Suranovic 2003).

The theory on comparative advantage was first described by Robert Torrens&nbsp.in 1815&nbsp.in an essay on the corn trade where he concluded that it was to England’s&nbsp.benefit to exchange various goods with Poland in return for corn, even though it might be possible to produce that corn more cheaply in England than Poland. However, the theory is attributed to David Ricardo, who explained it in greater detail in his 1817&nbsp.book “The Principles of Political Economy and Taxation” and explained the concept on foreign trade in an example involving the same two countries. The theory has been developed in the context of Ricardo’s labour theory of value.

You will prepare and submit a term paper on Comparative and Interactional Aspect of Hinduism and Buddhism Religion. Your paper should be a minimum of 1250 words in length. The founder of Buddhism known as Guatam Buddha had in early life brought up in a posh life of Hindu society. This gives a reference for Hinduism that it interconnects with Buddhism. Hinduism, better known as ‘Sanatan Dharma’, according to the Hindu people, it forms the indigenous life of the society, though its origin is still not certain. Factual studies have concluded that Buddhism grew because of the intricate nature involving Hinduism. Despite these differences, the two share a lot in common. This paper will draw the comparative analysis of the two religions, as well as how they differ from each other.

On ritual dimensions, Buddhism and Hinduism share some differences and similarities in the belief and practice of meditation. Buddhism does follow some rituals like meditation, bowing to the ground in worship while offering their prayers in their Buddhist holy places. Buddhist practices and rituals do not require any priest. On the side of Hindus, their rituals are complex as they vary from birth to death of that particular person. Unlike in Buddhism, a priest on the part of the Hindus plays a major role in the practice of these rituals (Elliot 140). This aspect form part of their ethical teachings. Despite this difference in them, meditation as a ritual has influenced their life. The two religions believe that meditation brings them close to nirvana. In Hinduism, the worshipper chants in repetition the words ‘OM’ in order to concentrate and reach another level of consciousness. Through meditation, the worshipper searches for a deeper connection to the sacred deity. This comes due to the continual practice of this focusing technique. it brings them closer to Ultimate Reality and within the proximity of true knowledge. Similarly, Buddha was enlightened through His thorough deep meditation. In their s believe that through Buddha’s meditation He reached enlightenment and understood the existence of Dharma makes this ritual important to the followers of Buddhism. In order to reach nirvana, Buddha learned that inward reflection was the only way thus encouraged others to do so by practising meditation (Elliot 270). Therefore, both religions practice meditation in order to reach nirvana.