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Which of the Following Statements Describe What the Ricardian Model

Question 82

Multiple Choice

Which of the following statements describe what the Ricardian model
Predicts as a nation improves its technology and productivity?
I.Its standard of living will rise.
II.Wages of its workers will rise.
III.It will lose its absolute advantage.


A) I
B) II
C) III
D) I and II

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