A nation benefits from international trade if it can achieve a higher indifference curve than it can in autarky.
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A nation realizes maximun gains from trade at the point where the international terms-of-trade line is tangent to its community indifference curve.
A. 对
B. 错
The Ricardian theory of comparative advantage could fully explain the distribution of the gains from trade among trading partners.
A. 对
B. 错
BecausetheRicardiantheoryofcomparativeadvantagewasbasedonlyonanation'sdemandconditions,itcouldnotfullyexplainthedistributionofthegainsfromtradeamongtradingpartners.
A. 对
B. 错
Because the Ricardian theory of comparative advantage was based only on a nation's supply conditions, it could only determine the outer limits within which the equilibrium terms of trade would lie.
A. 对
B. 错