Multiple Choice
The basic of international trade according to Ricardo is that
A) A country will export those commodities in which its comparative production costs are high or will import those commodities in which its comparative production costs are less
B) A country will import those commodities in which its comparative production cost are the same with other countries
C) A country will export those commodities in which its comparative production costs are less or will import those commodities in which its comparative production costs are high
D) A country will export those commodities in which its comparative production
Correct Answer:

Verified
Correct Answer:
Verified
Q4: According to classical view, one of the
Q5: According to the Heckscher-Ohlin theory of trade,
Q6: Adam Smith's theory of international trade is
Q7: The production possibility curve under increasing opportunity
Q8: Among the difference between inter-regional and international
Q10: Under constant opportunity cost, the production possibility
Q11: According to the theory of comparative advantage,
Q12: Haberler's Opportunity cost theory explains the doctrine
Q13: The theory of comparative advantage in international
Q14: In Ricardian theory of international trade, the