According to the Ricardian Model,the Source of Comparative Advantage Is

question 39

Multiple Choice

According to the Ricardian model,the source of comparative advantage is:

• A)differences in labor productivity in the different countries.
• B)differences in foreign trade policies followed by the governments of the various countries.
• C)differences in resource endowments of the economies.
• D)differences in the fields of research and development in the countries.
• E)differences in the taste and preferences of the consumers in the different countries.

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Definitions:

Resilience

The ability to recover quickly from difficulties; psychological strength and adaptability in the face of challenges.

Paralympic Games

An international multi-sport event for athletes with physical, mental, and sensorial disabilities.

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The process of addressing and overcoming a critical situation or period of instability in an effective manner.

Plasticity

The ability of the brain to change and adapt in response to experiences, learning, or injury.