
Comparative advantage due to productivity differences between countries is known as the
A) factor abundance model of comparative advantage.
B) human skills model of comparative advantage.
C) Adam Smith model of comparative advantage.
D) Ricardian model of comparative advantage.
E) Obama model of comparative advantage.
Correct Answer:
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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 Q21: The Ricardian model of international trade is 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 Q27: The comparative advantage in production of a![]()
A)
The data in the table tell
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