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
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
举一反三
- What's the basis for trade A: Comparative advantage B: Money C: Labo D: Products
- ( ) determines the direction of trade and the limits to<br/>mutually beneficial trade. A: Specialization B: Absolute advantage C: Factor abundance D: Comparative advantage
- 中国大学MOOC: In the Ricardian model, comparative advantage is likely to be due to _____.
- The Ricardian model of comparative advantage is based on all of the following assumptions except:
- 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.