Ricardo explained the law of comparative advantage on the basis of

CA Foundation · Business Economics · MTP · June 2024
Ricardo explained the law of comparative advantage on the basis of
(A) A. Absolute advantage
(B) B. economies of scale
(C) C. the law of diminishing returns
(D) D. the labour theory of value

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. the labour theory of value

Topics: Public Finance

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