Ricardo's Theory Made a Number of Assumptions, Including Which of the Following

question 152

Multiple Choice

Ricardo's theory made a number of assumptions, including which of the following?

• A) Nations had balanced trade with their partners.
• B) There were barriers to trade.
• C) There was no transfer of gold or silver.
• D) Nations' factors of production consisted of labor and capital.

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Definitions:

Regulated Industries

Sectors under the direct control and rules of governmental agencies to ensure safety, fairness, and compliance.

Probable Cause

A reasonable basis for believing that a crime may have been committed or that evidence of the crime is present in the place to be searched.

Subpoena

A subpoena is a legal document that orders an individual or organization to appear in court or produce documents relevant to a legal case.

Federal Trade Commission

A federal agency responsible for protecting consumers and maintaining competition in the marketplace by preventing anticompetitive, deceptive, and unfair business practices.