According to Adam Smith, international trade is advantageous for all p – McqOptions

MCQOPTIONS

1.	According to Adam Smith, international trade is advantageous for all participating countries only if they enjoy _ difference in cost of production
A.	Comparative
B.	Equal
C.	Absolute
D.	Unequal
Answer» D. Unequal

Discussion

No Comment Found

Related MCQs

Ricardian theory has _ countries and commodities
No change in technology, no transport cost, constant returns to scale - these assumptions make the Comparative Cost advantage theory __
An Indian farmer produces wheat without incurring cost of inputs alllsells for Rs. 1,000 to a miller who grinds wheat into flour and sells for Rs 1,200 to baker. Thebaker sells bread to consumers for Rs. 1,600. Total added is Rs.
Piyush s mother is a teacher. She also teaches Piyush. How would you treat this white calculating national income and domestic income ?
Restrictions imposed on the quantity of imports is _ .
Expenditure switching policy is also known as _ _ .
In BOP, total receipts must be equal to total _ .
The current account in the balance of payments _ .
The objective of commercial policy is / are _ .
Look East Policy has now transformed into a _ _.