David Ricardo was responsible for an economic theory of international trade referred to as:
A) the law of comparative advantage.
B) the law of diminishing returns.
C) the law of increasing costs.
D) the law of the foreign-trade multiplier.
Correct Answer:
Verified
Q2: Canada's leading export in dollar terms is:
A)
Q3: Canada's leading import in dollar terms is:
A)
Q4: The United States is Canada's major trading
Q5: Canada's exports to the United States represents
Q6: Canada's imports from Japan represent approximately what
Q8: If Canada required only two-thirds of the
Q9: The law of comparative advantage proves that:
A)
Q10: A country can benefit from international trade
Q11: If Sheila Jones is the best doctor
Q12: The terms of trade:
A) refer to the
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