What are the problems of using Ricardo's theory of comparative advantage in the ac- count of the real-world trade between countries and to argue for free trade? [Note: your answer must include the following opportunity costs, concentration/specialization of production]. (ch. 6)

What are the problems of using Ricardo's theory of comparative advantage in the ac- count of the real-world trade between countries and to argue for free trade? [Note: your answer must include the following opportunity costs, concentration/specialization of production]. (ch. 6)

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter20: International Trade

Section: Chapter Questions

Problem 1WNG

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12. What are the problems of using Ricardo's theory of comparative advantage in the ac-
count of the real-world trade between countries and to argue for free trade? [Note: your
answer must include the following opportunity costs, concentration/specialization of
production]. (ch. 6)

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