The assumptions of the principles of comparative cost advantage is based on
I. Absence of Trade Restrictions
II. No transport costs
III. Constant technology
a
II & III only
b
I & II only
c
I, II & III only
d
II only
e
III only
Explanation
Correct Option
bNo explanation available
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Sonofdlight
4 years ago
The answer is C, Absence of trade restrictions is the same as free flow and mobility of factors of production. Therefore,all are the assumptions for the principle.
