Absolute advantage theory assumes:

CA Foundation · Business Economics · MTP · September 2025
Absolute advantage theory assumes:
(A) A. Equal opportunity cost
(B) B. Fixed exchange rates
(C) C. Mobility of labour across countries
(D) D. Labour as the only input

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Labour as the only input

Topics: International Trade

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic