Multiple Choice
According to Ricardo, trade is possible between two countries when
A) One country has absolute advantage in production of both commodities
B) One country has an absolute advantage for production of both commodities but comparative advantage in the production of one commodity than the other country
C) One country does not have any advantage in the production of both commodities
D) A country does not have any line of production
Correct Answer:
Verified
Correct Answer:
Verified
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