Multiple Choice
If a very small country trades with a very large country according to the Ricardian model,then
A) the small country will suffer a decrease in economic welfare.
B) the large country will suffer a decrease in economic welfare.
C) the small country only will enjoy gains from trade.
D) the large country will enjoy gains from trade.
E) both countries will enjoy equal gains from trade.
Correct Answer:
Verified
Correct Answer:
Verified
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