The assumptions of the principles of comparative cost advantage is based on?

By: |Published on: May 4|Categories: Economics NECO| 0 comments

I. Absence of Trade Restrictions
II. No transport costs
III. Constant technology

A. II & III only
B. I & II only
C. I, II & III only
D. II only
E. III only

Correct Answer:

Option B – I & II only

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