The Ricardian model attributes the gains from trade associated with the principle of comparative advantage result to
A)differences in labor productivity.
B)differences in technology.
C)gravity relationships among countries.
D)differences in preferences.
E)differences in resources.

Question

Quizplus · Accepted Answer

The Ricardian model explains gains from trade based on differences in labor productivity due to technological differences between countries.

The Ricardian Model Attributes the Gains from Trade Associated with the Principle