According to David Ricardo's principle of comparative advantage, the gains from international trade can be reaped
A) only by developed countries.
B) only by a country with an absolute advantage in the production of some commodity.
C) by any country with opportunity costs different from other countries.
D) by any trading country with opportunity costs similar to other countries.
E) by only one country if opportunity costs are identical across countries.
Correct Answer:
Verified
Q18: If Canada has an absolute advantage in
Q19: In addition to reaping the benefits of
Q20: The index for a country's terms of
Q21: opportunity costs differ too much between the
Q22: The diagram below shows the domestic demand
Q24: If Country A has a comparative advantage
Q25: North America exports clothing to the European
Q26: Since 1950, the world's real GDP has
Q28: Canadians consume millions of cups of Tim
Q113: If Canada's index of import prices is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents