Multiple Choice
Underlying the theory of comparative advantage are assumptions regarding
A) free trade between nations.
B) that the factors of production (land,labor,capital,and entrepreneurial ability) are relatively immobile.
C) that the factors of production (land,labor,capital,and entrepreneurial ability) are relatively mobile.
D) free trade between nations and that the factors of production (land,labor,capital,and entrepreneurial ability) are relatively immobile.
Correct Answer:
Verified
Correct Answer:
Verified
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