Which of the Following Are the Limitations of Ricardo's Theory

Multiple Choice

Which of the following are the limitations of Ricardo's theory of comparative advantage? Please select all that apply.

A) Not all countries gain from international trade. Job loss is likely to occur in import-competing industries after international trade.
B) Not all countries gain from international trade. Job loss is likely to occur in exporting industries after international trade.
C) Ricardo's model cannot capture technological change.
D) Ricardo's model is static.