The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-The standard interpretation of the Ricardian model is that differences in factor endowments between countries account for differences in labor productivity.

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-The standard interpretation of the Ricardian model is that differences in factor endowments between countries account for differences in labor productivity.

Quizplus · Accepted Answer

The standard interpretation of the Ricardian model attributes differences in labor productivity between countries to differences in technology, not differences in factor endowments.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity