CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

The Ricardian model concludes that ______
A. everyone benefits from trade.
B. there will be winners and losers from trade.
C. countries trade because they differ in their endowments of resources.
Explanation: The model incorporates differences in technologies between countries and concludes that everyone benefits from trade. Statements B and C are ideas of the Heckscher-Ohlin model.

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