Because the PPF Is a Straight Line in the Ricardian

question 42

Multiple Choice

Because the PPF is a straight line in the Ricardian model, Foreign's
Import demand curve is:

• A)upward sloping in parts.
• B)flat in parts.
• C)downward sloping in parts.
• D)flat everywhere.

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Definitions:

Argument By Analogy

A form of reasoning where a similarity between two different things is used to draw a conclusion or make a point about one of them.

Similarity

The state or fact of being similar; resemblance or likeness in qualities, characteristics, or appearance.

Single Example

A specific instance or case used to illustrate a general concept or principle.

Inductive Generalization

A method of reasoning in which conclusions are drawn about generalities from specific instances.