举一反三
- In the Ricardian model, comparative advantage is likely to be due to _____. A: scale economies. B: home product taste bias. C: greater capital availability per worker. D: labor productivity differences.
- The Ricardian model of comparative advantage is based on all of the following assumptions except:
- 中国大学MOOC: ¡The Heckscher-Ohlin theory of trade differs from the Ricardian model by assuming that there are only two goods.
- 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.
- The H-O model extends the classical trade model by: A: explaining the basis for comparative advantage B: examining the effect of trade on factor prices C: both A and B D: neither A nor B
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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.
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中国大学MOOC: The principle of comparative advantage explains why France can produce white wine at a lower opportunity cost than the neighboring country of Germany.
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The principle of comparative advantage is derived from a highly simplistic two good/two country model. A: One good/one country model B: two good/two country model C: multiple good/multiple model D: fixed good/fixed model
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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.
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Given the information in the following table, _________. Unit labor requirements Cloth Widgets Home 10 20Foreign 60 30 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.