The Volstead Act (41 Stat. 305 [1919]) was enacted pursuant to the Eighteenth Amendment to provide for enforcement of its Prohibition. The 1933 ratification of the twenty-first Amendment in 1933 resulted in the repeal of the Eighteenth Amendment and the Volstead Act.ighteenth Amendment. A woman displays an anti-Prohibition slogan printed on an automobile tire cover. Ratified in January 1919, the Eighteenth Amendment was repealed by the ratification of the Twenty-first Amendment in December 1933.
Inequality is far harder to explain than most people realize.Over the past century, few social issues have received more attention thaninequality. An enormous amount has been written about inequality in manyforms: income, political power, class, status, race, ethnicity, age, gender, andmore.
Comparative advantage occurs when one country can produce a good or service at a lower opportunity cost than another. This means a country can produce a good relatively cheaper than other countries.The theory of comparative advantage states that if countries specialise in producing goods where they have a lower opportunity cost â then there will be an increase in economic welfare.Note this is different to absolute advantage which looks at the monetary cost of producing a good.his means a country can produce a good relatively cheaper than other countries. The theory of comparative advantage states that if countries specialise in producing goods where they have a lower opportunity cost â then there will be an increase in economic welfare.