David Ricardo believed that the international trade is governed by
A) Absolute cost advantage only
B) Absolute cost and comparative cost advantage
C) Comparative cost advantage
D) Mobility of factors
Correct Answer:
Verified
Q12: Under constant opportunity cost, the production possibility
Q13: According to the theory of comparative advantage,
Q14: Among the difference between inter-regional and international
Q15: According to Adam Smith, free trade is
Q16: According to Ricardo, trade is possible between
Q18: The basics and gains from international trade
Q19: The production possibility curve under increasing opportunity
Q20: The importance of international trade includes
A)Adverse terms
Q21: According to classical view, one of the
Q22: According to Adam Smith, diversification of labour
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents