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

Author Question: In the Ricardian model, if a country's trade is restricted, this will cause all EXCEPT which? A) ... (Read 28 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
In the Ricardian model, if a country's trade is restricted, this will cause all EXCEPT which?
 
  A) limited specialization and the division of labor
  B) reduced volume of trade and reduced gains from trade
  C) nations to produce inside their production possibilities curves
  D) a country to produce some of the product of its comparative disadvantage
  E) raised costs as more diverse product is produced internally

Question 2

Refer to above figure. If the economy were in the initial position (where OmL1 workers were in manufacturing, what trade policy might gain ABC of economic welfare?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

Import-substitution giving protection to manufacturing.


karateprodigy

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jun 30, 2018
Thank you


raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Model Organism Drosophila Model Organism Drosophila
A model for synthetic lethality A model for synthetic lethality
Bronchi Model Bronchi Model
Transatlantic Slave Trade Transatlantic Slave Trade
Steady State in the Two-Country Model Steady State in the Two-Country Model
DNA double helix model DNA double helix model
Video: Simple and Double Sugar

For a complete list of videos, visit our video library