Multiple Choice
Comparative Advantage theory is based on -------value
A) Cost theory
B) Productivity theory
C) Quality theory
D) labor theory
Correct Answer:
Verified
Correct Answer:
Verified
Q1: If Commodity Y requres 2 units of
Q2: According to Classical economists, -------is the reason
Q3: H-o Theory s based on value theory.<br>A)Partial<br>B)Semi-partial<br>C)General<br>D)Semi-General
Q5: According to H-O theory, International trade is,
Q6: Total amount of labor in Nation 1
Q7: Ricardian theory has -------countries and commodities<br>A)32<br>B)23<br>C)24<br>D)22
Q8: According to Adam Smith, international trade is
Q9: Comparative Advantage is expressed in ------- <br>A)Absolute Cost<br>B)Variable
Q10: Factor abundance can be explained using<br>A)Demand curve<br>B)Supply
Q11: Factor intensity is measured in -------terms<br>A)Absolute Cost<br>B)Factor