In David Ricardo's Theory of Comparative Advantage

question 93

Multiple Choice

In David Ricardo's theory of comparative advantage,

• A)international trade is a zero-sum game in which one trading partner's gain comes at the expense of another's loss.
• B)liberalization of international trade will enhance the welfare of the world's citizens.
• C)is a short-run argument,not a long-run argument.
• D)has been superseded by the now-orthodox view of mercantilism.

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