International Economics Dean Appleyard 9th Edition- Test Bank
To Purchase this Complete Test Bank with Answers Click the link Below https://tbzuiqe.com/product/international-economics-dean-appleyard-9th-edition-test-bank/ If face any problem or Further information contact us At tbzuiqe@gmail.com Sample Test CHAPTER 3 THE CLASSICAL WORLD OF DAVID RICARDO AND COMPARATIVE ADVANTAGE 1. Essay Questions 1. Why did Ricardo think that international trade was based on comparative advantage while internal (domestic) trade was based on absolute advantage? Answer: For Ricardo as with Smith, idea of absolute advantage determined the pattern of trade and production internal to a country because factors were perfectly mobile. However, given the international immobility of the factors of production, the pattern of trade was based on comparative advantage. . Difficulty: 02 Medium Topic: Ricardian Comparative Advantage AACSB: Reflective Think...