Ricardo's Model of Comparative Advantage Assumed All of the Following

question 138

Multiple Choice

Ricardo's model of comparative advantage assumed all of the following EXCEPT

• A) in each nation, labor is the only input.
• B) costs do not vary with the level of production.
• C) perfect competition prevails in all markets.
• D) transportation costs rise as distance increases between countries.

---

Definitions:

Boundaries

The limits that define one person's identity, rights, and responsibilities from those of others, often essential for healthy relationships and personal well-being.

Psychiatric Disorder

A mental disorder involving changes in emotion, thinking, or behavior (or a combination of these) that leads to distress or impaired functioning.

Unproductive Session

A meeting or therapy session where the intended goals or outcomes are not achieved, often due to lack of engagement or focus.

Interruption

The act of stopping or hindering a process or activity temporarily or permanently, causing a break in continuity.