According to Ricardo, a country will have a comparative advantage in the product in which its
举一反三
- 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.
- When a nation requires fewer resources than another nation to produce a product, the nation is said to have a(n): A: Absolute advantage in the production of the product B: Comparative advantage in the production of the product C: Lower marginal rate of transformation for the product D: Lower opportunity cost of producing the product
- The theory of comparative advantage was proposed by: ( ) A: Adam Smith B: Karl Marx C: Eli Heckscher. D: David Ricardo
- Given the information in the following table, __________.[img=231x72]17de7621169bfb0.png[/img] A: neither country has a comparative advantage in cloth. B: Home has a comparative advantage in widgets. C: Foreign has a comparative advantage in widgets. D: Home has a comparative advantage in both cloth and widgets.
- 中国大学MOOC: In order to know whether a country has a comparative advantage in the production of one particular product we need information on at least ________ unit labor requirements.