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International Economics_Salvatore 2013_Chapter 2 PROBLEMS 12. (a) How was the Ricardian trade model tested empirically? (b) In what way can the results be said to

International Economics_Salvatore 2013_Chapter 2 PROBLEMS

12. (a) How was the Ricardian trade model tested empirically?

(b) In what way can the results be said to confirm the Ricardian model?

(c) Why do we then need other trade models?

13. How would you counter the argument that the United States needs to restrict textile imports in order to save American jobs?

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