If a country enjoys an absolute advantage in the production of all commodities then also trade is possible". Who said this?
A) Adam Smith
B) David Ricardo
C) J.S.Mill
D) Alfred Marshall
Correct Answer:
Verified
Q7: Which of the following is NOT an
Q8: Comparative Advantage is expressed in -------
A)Absolute Cost
B)Variable
Q9: England 1 unit wine =1/2unit cloth, Portugal
Q10: Comparative Advantage theory is based on -------value
A)Cost
Q11: No change in technology, no transport cost,
Q13: According to H-O theory, International trade is,
Q14: H-o Theory s based on value theory.
A)Partial
B)Semi-partial
C)General
D)Semi-General
Q15: H-O Theory is a -------model
A)1 X 1
Q16: Commodity Y is Capital intensive if -------
A)Ky
Q17: If,England 1 wine = 1/2 cloth and
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