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Q. |
The Ricardian theory of comparative advantage states that a country has a comparative advantage in widgets if |
A. | Output per worker of widgets is higher in that country. |
B. | That country's exchange rate is low. |
C. | Wage rates in that country are high. |
D. | The output per worker of widgets as compared to the output of some other product ishigher in that country. |
Answer» D. The output per worker of widgets as compared to the output of some other product ishigher in that country. |
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