The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions
a
there are restrictions in trade
b
there are no cost of transportations
c
ther is perfect competition
d
there are no tariff or import and export quota
e
there are only two countries and only two commodities entering into international trade
Explanation
Correct Option
aNo explanation available
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Ladybs
11 years ago
Option A is the correct ans becos the reverse is the case in the theory of comparative cost advantange i.e there are no restrictions
