Multiple Choice
Who aid the following, " The esence of international trade is not the absolute difference in cost but a comparative difference in cost."
A) Adam Smith
B) David Ricardo
C) J.S.Mill
D) Alfred Marshall
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: Factor intensity is measured in -------terms<br>A)Absolute Cost<br>B)Factor
Q12: If,England 1 wine = 1/2 cloth and
Q13: England 1 unit wine =1/2unit cloth, Portugal
Q14: A nation is capital abundant if<br>A)PK1/PL1 <
Q15: No change in technology, no transport cost,
Q17: The rate at which goods are exchangeed
Q18: Commodity Y is Capital intensive if -------<br>A)Ky
Q19: International trade is the result of an
Q20: H-O Theory is a -------model<br>A)1 X 1
Q21: If a country enjoys an absolute advantage