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Eduncle posted an MCQ
March 02, 2020 • 22:21 pm 0 points
  • UGC NET
  • Economics

Theory of Comparative Advantage given by David Ricardo in 1817 is 

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  • Sree

    comparative cost advantage theory states that if countries specialize in producing goods where they have a lower opportunity cost,. then there will be economic welfare.its is a2×2×1 trade model.

  • Mukesh Kumar pathak

    it's about the export and import of an object between two nations,in which the country have advantage in production of any good will export,the object whose production cost more will get import in that country

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