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

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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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