Question 0

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
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1979
Question no.
#0
Type
Objective

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