According to Classical economists, -------is the reason for a country to specialie in the production of a commodity
A) Internalisation
B) Cost differences
C) International Division of labor
D) Special Commodities
Correct Answer:
Verified
Q2: International trade is the result of an
Q3: Absolute difference in Cost is explained by
A)David
Q4: According to Adam Smith, international trade is
Q5: Who aid the following, " The esence
Q6: Ricardian theory has -------countries and commodities
A)32
B)23
C)24
D)22
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,
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