• 2021-04-14
    The Ricardian model of comparative advantage is based on all of the following assumptions except:
  • Product quality varies among nations

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    • 0

      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.

    • 1

      The constitution of UK is based on the following except for: _____.

    • 2

      All of the following may lead to a competitive advantage except:( ) A: less expensive suppliers B: better employees C: fewer products D: superior products

    • 3

      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

    • 4

      The political system of the US is based on the following except ()