
The Ricardian model of international trade is named after the nineteenth-century English economist who first explained and analyzed the idea of productivity-based comparative advantage. The name of this economist was
A) Ricardo Friedman.
B) Ricardo Marx.
C) Ricardo Maynard Keynes.
D) Ricky Ricardo.
E) David Ricardo.
Correct Answer:
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Q16: A country has a comparative advantage when
Q17: A country has an absolute advantage when
Q18: If firms in the United States can
Q19: Q20: Comparative advantage is an advantage derived from Q22: Comparative advantage due to productivity differences between Q23: Workers in industrial countries earn much higher Q24: Scenario 17.1 Q25: We benefit from trade if we can Q26: The standard interpretation of the Ricardian model![]()
A)
The data in the table tell
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