The Simple Model of Comparative Advantage Used in the Text

question 85

Multiple Choice

The simple model of comparative advantage used in the text is based on assuming away:

• A)the effects of trade on income distribution within a country.
• B)constant returns to scale.
• C)that all resources can move freely from the production of one good to another.
• D)that free trade does not change the efficiency with which the countries use their resources.

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Definitions:

False Dilemma

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Fifteenth Amendment

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The process of breaking down complex information into simpler parts for clearer understanding and more effective communication.