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Because the Ricardian Trade Theory Recognized Only How Supply Conditions

Question 120

Multiple Choice

Because the Ricardian trade theory recognized only how supply conditions influence international prices, it could determine


A) the equilibrium terms of trade.
B) the outer limits for the terms of trade.
C) where a country chooses to locate along its production possibilities frontier.
D) where a country chooses to locate along its trade triangle.

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