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Все вопросы
- Advantageous trade can occur between countries if the countries ________ in their technological abilities to produce goods and services. #211
- The theory of comparative advantage assumes two countries producing two goods using ________as the only factor of production #212
- In Ricardian Model it is assumed that ________ goods are produced by both countries. We assume a barter economy. #213
- In David Ricardo’s original presentation of the model, he focused exclusively on the ________ side. #214
- John Stuart Mill introduced _________into the model #215
- 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 #216
- 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. #217
- We assume a ________ economy. This means that no money is used to make transactions. #218
- ___________cost is defined generally as the value of the next best opportunity. #219
- Labor productivity is defined as the quantity of __________ that can be produced with a unit of labor. #220