Ricardo's theory made a number of assumptions, including which of the following?
a. Nations had balanced trade with their partners.
b. There were no barriers to trade (free trade).
c. There was no transfer of gold or silver.
d. Nations had balanced trade with their partners, and there were no barriers to trade (free trade).
Answer: d. Nations had balanced trade with their partners, and there were no barriers to trade (free trade).
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a. True b. False Indicate whether the statement is true or false