Multiple Choice
According to Ricardo,a country will have a comparative advantage in the product in which its:
A) Labor productivity is relatively low
B) Labor productivity is relatively high
C) Labor mobility is relatively low
D) Labor mobility is relatively high
Correct Answer:

Verified
Correct Answer:
Verified
Q25: If Canada produces computers at a lower
Q30: A country with high wages can export
Q64: The theory of reciprocal demand best applies
Q133: The principle of absolute advantage asserts that
Q149: There are two explanations of constant opportunity
Q167: As international trade proceeds, a country will
Q185: Under free trade,Sweden enjoys all of the
Q189: The Ricardian model of comparative advantage is
Q191: Ricardo's theory of comparative advantage does not
Q192: The equilibrium prices and quantities established after