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If labor productivities were exactly proportional to wage levels internationally, this would

Chako

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8 years ago

If labor productivities were exactly proportional to wage levels internationally, this would

If labor productivities were exactly proportional to wage levels internationally, this would
A) render the Ricardian model theoretically correct but practically useless.
B) demonstrate the validity of the Ricardian model.
C) negate the applicability of the Ricardian model if the number of products were greater than the number of trading partners.
D) not negate the logical basis for trade in the Ricardian model.
E) negate the logical basis for trade in the Ricardian model.

Textbook

International Economics: Theory and Policy

Edition: 10^th

Author: Krugman

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Chako Author

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8 years ago

Good answer, thank you

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machukian

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7 years ago

Don't forget to vote my answer as best Nerd Face

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