Economics · History of Economic Thought
David Ricardo predicted that the economy would eventually reach a stationary state primarily because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The scarcity of fertile land would lead to rising rents and diminishing returns in agriculture✓
- 2The economy would run out of gold and precious metal reserves
- 3Technological innovation would come to a complete end
- 4The motivation for international trade would disappear
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The scarcity of fertile land would lead to rising rents and diminishing returns in agriculture
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