The earliest statement of the principle of comparative advantage is associated with:
举一反三
- The earliest statement of the principle of comparative advantage is associated with A: David Hume. B: David Ricardo. C: Adam Smith. D: Eli Heckscher.
- The principle of comparative advantage is derived from a highly complicated two good/two country model.
- Given the information in the following table, __________.[img=231x72]17de7621169bfb0.png[/img] A: neither country has a comparative advantage in cloth. B: Home has a comparative advantage in widgets. C: Foreign has a comparative advantage in widgets. D: Home has a comparative advantage in both cloth and widgets.
- 中国大学MOOC: The principle of comparative advantage explains why France can produce white wine at a lower opportunity cost than the neighboring country of Germany.
- Given the information in the following table, _________. Unit labor requirements Cloth Widgets Home 10 20Foreign 60 30 A: neither country has a comparative advantage in cloth. B: Home has a comparative advantage in widgets. C: Foreign has a comparative advantage in widgets. D: Home has a comparative advantage in both cloth and widgets.