Question
Question 3 According to Ricardos analysis, a country exports any good whose production requires fewer labor hours per unit than the labor hours per unit
Question 3
According to Ricardos analysis, a country exports any good whose production requires fewer labor hours per unit than the labor hours per unit needed to produce the good in the foreign country. That is, the country exports any good in which its labor productivity is higher than the labor productivity for this good in the foreign country.
Do you agree or disagree? Why?
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Energy Audit And Management Concept Methodologies Procedures And Case Studies
Authors: L. Ashok Kumar, Gokul Ganesan
1st Edition
978-1032067797
