In the Ricardian trade model, a country captures more of the gains from trade if: A. it produces all products while its trade partner specializes in one good. B. the terms of trade are closer to its...


In the Ricardian trade model, a country captures more of the gains from trade if:


A. it produces all products while its trade partner specializes in one good.


B. the terms of trade are closer to its autarkic prices than to its partner’s autarkic prices.


C. the terms of trade are closer to its partner’s autarkic prices than to its autarkic prices.



Dec 31, 2021
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