In the Ricardian Model, Wages Are Equal Across Industries Because

question 130

Multiple Choice

In the Ricardian model, wages are equal across industries because:

• A) employers care for their workers.
• B) workers prefer to work in exporting industries.
• C) workers are freely mobile between industries.
• D) workers are freely mobile between countries.

---

Definitions:

Break-even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no net profit or loss.

Break-even Point

The level of production or sales at which the revenues of a business equal its costs, resulting in neither profit nor loss.

Total Contribution Margin

This refers to the total amount of revenue left over after deducting all variable costs, indicating the total contribution towards covering fixed costs and generating profit.

Break-even Point

The point at which total revenue equals total costs, resulting in no profit or loss for the business.