According to Ricardo, trade is possible between two countries when

Related MCQs

• The basic of international trade according to Ricardo is that
• David Ricardo believed that the international trade is governed by
• Prof. Ronald Findlay modified Ricardo’s measure of gains from trade using
• The term ‘terms of trade’ between two countries refers to
• According to the Heckscher-Ohlin theory of trade, the most important cause of difference in relative commodity prices and trade between nations is a difference in
• According to the theory of comparative advantage, countries gain from trade, because
• A trade policy without tariffs and other quantitative restrictions blocking the movement of goods between countries is
• In the modern trade theory, the gains from international trade are clearly differentiated between
• The difference in the domestic cost ratios of producing two commodities in two countries is known as
• The difference in price ratios of two commodities in the two trading countries is