According to the Ricardian Model, if two nations have the same opportunity cost for cars, then they BOTH Group of answer choices cannot gain from trade in cars. They cannot both gain. Only one of them can gain at a time. still gain from trade in cars. can only gain from trade in cars if one of them reduces its wages.
According to the Ricardian Model, if two nations have the same opportunity cost for cars, then they BOTH Group of answer choices cannot gain from trade in cars. They cannot both gain. Only one of them can gain at a time. still gain from trade in cars. can only gain from trade in cars if one of them reduces its wages.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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According to the Ricardian Model, if two nations have the same opportunity cost for cars, then they BOTH
Group of answer choices
cannot gain from trade in cars.
They cannot both gain. Only one of them can gain at a time.
still gain from trade in cars.
can only gain from trade in cars if one of them reduces its wages.
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