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.
A: scale economies.
B: home product taste bias.
C: greater capital availability per worker.
D: labor productivity differences.
举一反三
- 中国大学MOOC: In the Ricardian model, comparative advantage is likely to be due to _____.
- A firm will hire a worker whenever that worker's marginal product of labor is:() A: greater<br/>than the marginal product of labor for the next best worker. B: less<br/>than the marginal product of labor for the next best worker. C: greater<br/>than the worker's wage. D: less<br/>than the worker's wage.
- On a production function, as capital per worker increases, output per worker A: increases. This increase is larger at larger values of capital per worker. B: increases. This increase is smaller at larger values of capital per worker. C: decreases. This decrease is larger at larger value of capital per worker. D: decreases. This decrease is smaller at larger value of capital per worker.
- The Ricardian model of comparative advantage is based on all of the following assumptions except:
- 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.