Which of the following assumptions, if violated, most seriously undermines the practical applicability of Ricardo's theory of comparative advantage?
CA Foundation · Business Economics · MTP · January 2026
Which of the following assumptions, if violated, most seriously undermines the practical applicability of Ricardo's theory of comparative advantage?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. Labour as the sole factor of production
Topics: International Trade
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