Which of the following is not a reason why the ricardian, Ask an Expert

Management Studies

Which of the following is NOT a reason why the Ricardian model is not thorough in its assessment of international trade?

Countries are endowed with different resources.

Labor productivity is not important when it comes to international trade.

Trade is partly describeed by varying factors of production among trading nations.

Both labor productivity and resources determine advantages in trade.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M992831

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