Multiple Choice
Which of the following statements describes what the Ricardian model predicts as a nation improves its technology and productivity?
A) Its standard of living will rise.
B) Wages of its workers will fall.
C) It will lose its absolute advantage.
D) It will lose its comparative advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q173: In the United States, one worker can
Q174: When a country requires <i>more</i> resources to
Q175: Chile and Argentina each produce jellybeans and
Q176: Why is a country able to consume
Q177: (Figure: International Trade Equilibrium) After trade, how
Q179: In order for the production possibilities frontier
Q180: It can be shown that differences in
Q181: In some cases, a country can export
Q182: If the maximum number of units of
Q183: If a consumer moves to a higher