This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a very small country trades with a very large country according to the Ricardian model, then ... (Read 59 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
If a very small country trades with a very large country according to the Ricardian model, then
 
  A) the small country will suffer a decrease in economic welfare.
  B) the large country will suffer a decrease in economic welfare.
  C) the small country only will enjoy gains from trade.
  D) the large country will enjoy gains from trade.
  E) both countries will enjoy equal gains from trade.

Question 2

Spencer and Brander's model highlights the existence of
 
  A) aircraft industries.
  B) excess returns present in highly competitive markets.
  C) excess returns, or rents, available in non-competitive markets.
  D) the futility of government bureaucrats' attempts to build an airplane.
  E) natural advantages in foreign technology firms.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
:D TYSM

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Model organisms used to study the genetics of development Model organisms used to study the genetics of development
Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Because of immature visual-motor coordination, young children find it hard to throw and catch small ... Because of immature visual-motor coordination, young children find it hard to throw and catch small ...
Small Town USA: Struggling to Survive Small Town USA: Struggling to Survive
Vulnerability – Stress Model Vulnerability – Stress Model
James Watson and Francis Crick’s metal-and wire model of DNA James Watson and Francis Crick’s metal-and wire model of DNA
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library