In the Theory of Comparative Costs, which of the following statements are true: I. It is based on money cost which is more realistic II. It is…
CA Foundation · Business Economics · PYQS · May 2025
In the Theory of Comparative Costs, which of the following statements are true: I. It is based on money cost which is more realistic II. It is Positive in Nature III. It is Normative in nature IV. Do not take into account the factor price differences
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. III and IV are correct
Topics: International Trade
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