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David Ricardo's Theory of Comparative Advantage Explains Global Trade in Terms

Question 38

Multiple Choice
David Ricardo's theory of comparative advantage explains global trade in terms of the
A) first-mover advantage that certain countries and firms enjoy.
B) geographical differences between various countries.
C) international differences in labor productivity.
D) late-mover advantage that certain countries and firms possess.

David Ricardo's theory of comparative advantage explains global trade in terms of the


A) first-mover advantage that certain countries and firms enjoy.
B) geographical differences between various countries.
C) international differences in labor productivity.
D) late-mover advantage that certain countries and firms possess.

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