Multiple Choice
David Ricardo believed that:
A) trade is a zero-sum game; that is, a country benefits at the expense of other countries.
B) trade will benefit countries when it generates gold and silver for the national treasury.
C) all nations can gain from free international trade.
D) trade cannot increase the world's output of goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q84: A country's indifference curve describes combinations of
Q85: (Figure: International Trade Equilibrium) Which line shows
Q86: (Figure: International Trade Equilibrium) Which point shows
Q87: Assume that Germany and China can produce
Q88: In trade, if a nation has the
Q90: In competitive labor markets, the wage equals:<br>A)
Q91: If prices of a nation's exported products
Q92: (Figure: Home Production and Consumption) The figure
Q93: A nation will gain from trade if
Q94: The increase in total utility derived from