Multiple Choice
Ricardo's theory made a number of assumptions, including which of the following?
A) Nations had balanced trade with their partners.
B) There were barriers to trade.
C) There was no transfer of gold or silver.
D) Nations' factors of production consisted of labor and capital.
Correct Answer:

Verified
Correct Answer:
Verified
Q147: (Figure: International Trade Equilibrium) How many units
Q148: Mercantilists believed that:<br>A) exporting goods will leave
Q149: Ricardo's theory of trade discredited the school
Q150: Chile and Argentina each produce jellybeans and
Q151: The United States requires 20 hours of
Q153: Assume that two countries (Home and Foreign)
Q154: Chile and Argentina each produce jellybeans and
Q155: To explain why some nations purchase products
Q156: Where will a nation that gains from
Q157: Suppose that the introduction of computers increases