The principle of comparative advantage or comparative cost is NOT based on one of the…

Economics JAMB 1979

The principle of comparative advantage or comparative cost is NOT based on one of the following assumptions

  • there are restrictions in trade checkmark
  • there are no cost of transportations
  • ther is perfect competition
  • there are no tariff or import and export quota
  • there are only two countries and only two commodities entering into international trade

The correct answer is: A

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