According to the Ricardian Model,the Source of Comparative Advantage Is

question 39

Multiple Choice

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

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

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Definitions:

Executory Contract

A contract that has not yet been fully performed.

Executory

Executory refers to a contract or agreement in which some future act or obligation remains to be performed under its terms.

Executed

denotes something that has been completed, carried out, or fully accomplished according to plan or command.

Void

Having no legal force or effect; null and incapable of being ratified or confirmed.