Which of the Following Has Been Confirmed by Empirical Tests

question 13

Multiple Choice

Which of the following has been confirmed by empirical tests of the Ricardian model?

• A) All predictions of the model for a multi-product, multi-country world are highly unrealistic.
• B) The existence of nontraded goods results in a high degree of specialization among countries.
• C) International trade has no impact on income distribution.
• D) The unimportance of economies of scale as a cause of trade.
• E) Companies tend to export goods in which they have a relatively high level of productivity.

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Definitions:

Portinari Altarpiece

A famous Renaissance painting by Hugo van der Goes, known for its detailed portrayal of the Adoration of the Shepherds.

Subsidiary Scenes

Secondary or additional scenes in artwork that complement the main subject, often providing context or narrative details.

Claus Sluter

A Dutch sculptor who is considered one of the founders of Northern Renaissance sculpture, known for his naturalistic and detailed figures.

Chartreuse de Champmol

A large Carthusian monastery in Dijon, France, founded in the late 14th century, known for its artistic commissions and elaborate sculptures by renowned artists of the time.