Which of the Following Is a Major Limitation of the Simple

question 57

Multiple Choice

Which of the following is a major limitation of the simple Ricardian model of comparative advantage?

• A) The model ignores the principle of diminishing marginal returns.
• B) The model recommends excessive governmental intervention in trade.
• C) The outcome of the model suggested by Ricardo is a zero-sum game.
• D) The model is against the idea of engaging in free trade with nations.

---

Definitions:

High-Performance Teams

Teams characterized by a high level of collaboration, innovation, and productivity toward achieving specific goals.

Multiple Tasks

Engaging in multiple tasks simultaneously or sequentially within a given timeframe, requiring effective time management and prioritization skills.

Perfect Order

An order that meets all predefined criteria of the customer without any errors through the entire supply chain.

Common Goals

Shared objectives or aims that individuals or groups intend to achieve together, fostering unity and teamwork.