The Ricardian model can be simplified and made more explanatory by
Assuming that there is only one resource used in producing goods.What
Did Ricardo assume the resource was?
A) capital
B) technology
C) labor
D) loanable funds
Correct Answer:
Verified
Q26: If a consumer moves to a higher
Q27: International trade allows countries to:
A) produce outside
Q33: As a consumer moves down one of
Q34: If the maximum number of units of
Q34: What is the marginal product of labor?
A)
Q36: If the maximum number of units of
Q37: The Ricardian model employs the concept of
Q41: Figure: Home Equilibrium with No Trade
Q42: Figure: Indifference Curves Q43: Figure: Indifference Curves 
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