* 00B# 3QUESTION 33Ricardo's theory of trade is based on(A: productivity of labor; B: dpportunity cost; C: capital labor ratio).QUESTION 34The MRS (marginal rate of substitution) is the slope ofcurve; C: consumption curve).(A: production possibility curve; B: indifferenceQUESTION 352 pIncreasing opportunity costs result in a production possibilities frontier that ishorizontal) to the origin.(A: convex; B: concave; C: linear; D:Save All AnswersMAR12étvMacBook AirSCF108F2F4F5F7F 8F10i2$2(4.5.|]A.XC.optioncommandcommandoption

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Answered: QUESTION 33 Ricardo's theory of trade…

QUESTION 33 Ricardo's theory of trade is based on (A: productivity of labor; B: doportunity cost; C: capital labor ratio).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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