Economics
JAMB 1979
The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions
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A.
there are restrictions in trade
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B.
there are no cost of transportations
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C.
ther is perfect competition
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D.
there are no tariff or import and export quota
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E.
there are only two countries and only two commodities entering into international trade
Correct Answer: Option A
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