What is the main conclusion of the empirical evidence on the Ricardian model of international trade?
The Ricardian model makes accurate prediction...
What is the main conclusion of the empirical evidence on the Ricardian model of international trade?
The Ricardian model makes accurate predictions about international trade flows. The Ricardian model fails to make accurate predictions about international trade flows. The Ricardian model is not useful for understanding the reasons for international trade. a) The Ricardian model makes accurate predictions about international trade flows. b) The Ricardian model fails to make accurate predictions about international trade flows. c) The Ricardian model is not useful for understanding the reasons for international trade.
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