As a Result of Trade Between Two Countries Which Are

question 59

Multiple Choice

As a result of trade between two countries which are of completely different economic sizes,specialization in the Ricardian 2X2 model tends to

• A) be incomplete in both countries.
• B) be complete in both countries.
• C) be complete in the small country but incomplete in the large country.
• D) be complete in the large country but incomplete in the small country.
• E) sustain one countries economy in in direct proportion to the other.

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Definitions:

Irish-Catholic Immigrants

Immigrants from Ireland, often Catholic, who moved to other countries for better opportunities or to escape hardships.

Religious Toleration

The practice of allowing and accepting religious beliefs and practices that differ from one's own, often within a society or a state.

Economic Independence

The state of having sufficient personal wealth to live, without having to depend on income from some form of employment.

Genuine Freedom

The authentic state of being free from undue or oppressive restrictions imposed by authority on one's way of life, behavior, or political views.