McqMate
Q. |
According to the absolute differences in cost theory of trade |
A. | No country should specialize in the production of any commodity |
B. | Every country should specialize in the production of commodities which it can produce more cheaply than other countries and exchange it for commodities which are cheaper in other countries |
C. | Every country should specialize in production of goods which it can produce at higher cost than other countries and exchange it for commodities which are costlier than other countries |
D. | All of the above |
Answer» B. Every country should specialize in the production of commodities which it can produce more cheaply than other countries and exchange it for commodities which are cheaper in other countries |
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