The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 17

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

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

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

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Definitions:

European Colonization

The process by which European countries established control over territories across the world, starting in the late 15th century.

Adaptation

The process of changing or modifying something to better suit a new environment or purpose, often used in biological and cultural contexts.

English Colonization

The process of English settlement and establishment of control over regions in the Americas, Africa, and Australasia from the 16th to the 18th centuries.

Spanish Model

Refers to the architectural, cultural, or political systems and practices influenced by or originating from Spain.