International trade is the result of an advantage country possesses in producing a particular commodity at a _         

Related MCQs

• If Commodity Y requres 2 units of capital and 2 units of labor and commodity X requires 1 unit of capital and 4 units of labor then Y is
• According to H-O theory, International trade is, but a pecial case of _ _ trade.
• If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this?
• According to Classical economists, _ is the reason for a country to specialie in the production of a commodity
•     _ is a measure under which a commodity of a specific volume or value is allowed to be imported in the country.
• According to Adam Smith, international trade is advantageous for all participating countries only if they enjoy _ difference in cost of production
• Who aid the following, " The esence of international trade is not the absolute difference in cost but a comparative difference in cost."
• In a free world in which no restrictions exist, international trade will lead to
• The only international organisation dealing with the global rules of trade between nations.
• Comparative advantage occurs when ……..than other country .