In What Way Do the Conclusions of the Ricardian and

question 13

Multiple Choice

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.

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Definitions:

Sam's Sports Shack

A hypothetical or specific retail location that specializes in selling sports equipment and apparel, which is not a recognized key term without further context.

Merchandise Overnight

A rapid delivery service specifically targeting the overnight shipping of retail goods to customers.

Trade Agreements

Legal contracts between countries that determine the rules of trade between them, often aiming to reduce tariffs and foster increased commerce.

Export Capabilities

refers to a company's ability to sell its goods or services outside its own country, involving knowledge of international markets and logistics.