The first empirical test of the comparative advantage trade model was conducted by
A) MacDougall
B) Marshall
C) Jevons
D) Friedman
Correct Answer:
Verified
Q7: Ricardo explained the law of comparative advantage
Q10: What proportion of international trade is based
Q11: The commodity in which the nation has
Q12: If with one hour of labor time
Q13: The Ricardian trade model has been empirically
A)verified
B)rejected
C)not
Q14: If nation A can produce 5 units
Q15: In trade between a small and a
Q17: If nation A can produce 5 units
Q18: Which of the following statements is true?
A)
Q21: The theory of comparative advantage was first
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