#1159981

#1159981: The theory of comparative advantage assumes two countries producing two goods using ________as the only factor of production

The theory of comparative advantage assumes two countries producing two goods using ________as the only factor of production
Варианты ответа:
  • capital
  • land
  • labor
  • entrepreneurship

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Тематика: История развития торговли и торговых отношений Международная торговля Международная торговля и внешнеторговая политика
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In Ricardian Model it is assumed that ________ goods are produced by both countries. We assume a barter economy. In David Ricardo’s original presentation of the model, he focused exclusively on the ________ side. John Stuart Mill introduced _________into the model A country has an absolute advantage in the production of a good relative to another country if it can produce the good at lower cost or with ______ productivity A country has a comparative advantage in the production of a good if it can produce that good at a ___________ opportunity cost relative to another country.