• 2021-04-14
    2. _____________refined the theory of absolute advantage to one of comparative advantage.
  • 第一空: David RicardoDavid Ricardo

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      ( ) determines the direction of trade and the limits to<br/>mutually beneficial trade. A: Specialization B: Absolute advantage C: Factor abundance D: Comparative advantage

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      In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Which of the following statements about comparative advantage is correct A: Brandon has a comparative advantage in both plowing and planting. B: Brandon has a comparative advantage only in plowing. C: Brandon has a comparative advantage only in planting. D: Christopher has a comparative advantage in both plowing and planting.

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      中国大学MOOC: comparative advantage urges nations to engage in true free trade and to specialize in area where they have the highest comparative advantage.

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      Nations will usually produce and export those goods in which they have the greatest comparative advantage, and import those items in which they have the least comparative advantage.

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      Which of the following about industrial policy is true A: Industrial policy is usually imposed-on industries with economies of scale. B: Industrial policy is usually imposed-on industries without economies of scale. C: Industrial policy could be a source of static comparative advantage rather than dynamic compararive advantage. D: Industrial policy couldbreak the constraints of static comparative advantage and create dynamic comparative advantage.