Ricardo's Theory of Comparative Advantage Does Not Take into Account

question 191

True/False

Ricardo's theory of comparative advantage does not take into account demand conditions when determining relative commodity prices.

---

Definitions:

Factory-Lubricated

Equipment or components that are lubricated during manufacturing, often ensuring longevity and reliability of operation from first use.

Oil Bath

A lubrication method where components, often gears or bearings, are submerged in oil, ensuring continuous lubrication and cooling.

Tire Cold Inflation

The pressure in a tire before it has been driven on and warmed up, which is crucial for accurate inflation levels.

Heavy-Duty Truck

A large truck designed for carrying heavy loads, often used in commercial transport and construction.