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. opportunity costs
(B) B. economies of scale
(C) C. the labour theory
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. the labour theory

Topics: International Trade

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