A. Adam Smith
B. David Ricardo
C. Eli Heckscher
D. Berti IOhlin
Correct Answer: David Ricardo ✔
Last Updated: June 11, 2019
Related MCQs
- G. MecDougall showed in his tests that ?
- Dynamic gains from trade could result from ?
- Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?
- In autarky, when a community maximizes its standard of living its production point is ?
- In aukarky, when a community maximizes its standard of living, its production and consumption point is ?
- Which countries terms of trade improved between 1990 and 2000 ?
- If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?
- If the relative Price (MRT) of T were to increase, then the price line would ?
- The relative price (MRT) of T in terms of S is ?
- Country B has the comparative advantage in ?
- In autarky the relative price of wine, in terms of beer, in Country B is ?
- Country A has an absolute advantage in ?
- If countries were to trade along the lines of comparative advantage ?
- Country B has an absolute advantage in ?
- Comparative advantage is determined by ?
- In the classical model of Ricardo, the direction of trade is determined by ?
- The gains from international trade are closely related to ?
- Mercantilism ?
- If the international terms of trade settle at a level that is between each country’s opportunity cost ?
- According to the principle of comparative advantage ?
- The opportunity cost of one DVD in South Korea is ?
- G. MacDougall’s empirical results can be interpreted as ?
- G. MacDougal compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the:
- John Stuart Mill was the founder of the ?
- If the autarky price of S were lower in country A than in country B then if trade were allowed ?
- In autarky equilibrium ?
- Given free trade, small nations tend to benefit the most from trade since they ?
- The terms of trade is given by the prices ?
- If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?
- If the relative price (MRT) of S were to increase, then the price line would ?
- The Relative price (MRT)of S in terms of T i ?
- Country A has the comparative advantage in ?
- In autarky, the relative price of wine, in terms of beer, in country A is ?
- In autarky, the relative price of X, in terms of Y in A would be ?
- If the countries were to trade along the lines of absolute advantage ?
- Country A has an absolute advantage in__________?
- Absolute advantage is determined by ?
- According to the Classical theory of international trade ?
- The classical trade theories of Smith and Ricardo predict that ?
- International trade is based on the nation that ?
- If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs ?
- With international trade, what would be the maximum number of DVDs that Japan would be willing to export to South Korea in exchange for each ton of steel ?
- With International trade, what would be the maximum amount of steel that South Korea would be willing to export to Japan in exchange for each DVD ?
- According to the Principle of absolute advantage Japan should ?
- The opportunity cost of one DVD in Japan is ?