In what way do the conclusions of the Ricardian and
The specificfactors models differ?
A)In the specificfactors model, all resources (labor, land, capital) are better off with free trade.In the
Ricardian model, only labor is better off with free trade.
B)In the Ricardian model, a country is better off with free trade.In the specificfactors model, some of a
Country's resources will be worse off with free trade.
C)In the Ricardian model, some of a country's resources will be worse off with free trade.In the
Specificfactors model, some of a country's resources
Will be better off with free trade.
D)In the Ricardian model, labor will be worse off with free trade.In the specificfactors model, labor will be
Better off with free trade.

Question

In what way do the conclusions of the Ricardian and
The specific­factors models differ?
A)In the specific­factors model, all resources (labor, land, capital) are better off with free trade.In the
Ricardian model, only labor is better off with free trade.
B)In the Ricardian model, a country is better off with free trade.In the specific­factors model, some of a
Country's resources will be worse off with free trade.
C)In the Ricardian model, some of a country's resources will be worse off with free trade.In the
Specific­factors model, some of a country's resources
Will be better off with free trade.
D)In the Ricardian model, labor will be worse off with free trade.In the specific­factors model, labor will be
Better off with free trade.

Quizplus · Accepted Answer

The main difference between the two models is that in the Ricardian model, a country is better off with free trade while in the specific-factors model, some of a country's resources will be worse off with free trade. Therefore, choice B is the correct answer.

In What Way Do the Conclusions of the Ricardian and