Ricardo's theory leads us to expect that despite the short-term adjustment costs associated with adopting a free trade regime,trade would seem to produce a greater economic growth and higher living standards in the long run.

Question

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Despite the short-term adjustment costs associated with adopting a free trade regime,trade would seem to produce greater economic growth and higher living standards in the long run,just as the theory of Ricardo would lead us to expect.

Ricardo's Theory Leads Us to Expect That Despite the Short-Term