The comparative advantage model of Ricardo was based on ?

Related Mcqs:

Difference in environmental standards or other government regulations among nations ?

A. have no impact on patterns of international trade B. have tended to make U.S steel companies more competitive internationally C. can affect production costs and thus alter comparative advantages and trade patterns D. have been eliminated by the nations participating in NAFTA...

According to the Heckscher-Ohlin model the source of comparative advantage is a country’s ?

A. technology B. advertising C. factor endowments D. both (a) and (c)...

_____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?

A. Paul Samuelson’s B. Wolfgang Stolpher’s C. Staffan Linder’s D. Wassily Leontief’s...

That the division of labor is limited by the size of the market best applies to which explanation of trade ?

A. Factor endowment theory B. Product life cycle theory C. Economies of scale theory D. Overlapping demand theory...

According to the factor price equalization theorem, the ________ factor should oppose free. trade policies in any given country?

A. abundant B. scarce C. neither D. can’t tell without more information...