1. How do we determine the opportunity cost of producing something in the Ricardian model of trade? 2. What is meant by the “principle of comparative advantage”? 3. How do we determine whi country...

1. How do we determine the opportunity cost of producing something in the Ricardian model of trade?

2. What is meant by the “principle of comparative advantage”?

3. How do we determine whi country has the comparative advantage in the production of something in the Ricardian model of trade?