Which of the following statements relating to Ricardo's doctrine of trade is true? (a) Trade arises due

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Which of the following statements relating to Ricardo's doctrine of trade is true?

(a) Trade arises due to differences in absolute cost.

(b) Trade arises due to differences in factor endowment and factor intensity.

(c) Trade results in a gain from trade as it is free.

(d) Trade arises due to differences in comparative costs.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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Question Posted: Nov 15, 2024 06:00 AM

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Which of the following statements relating to Ricardo's doctrine of trade is true? (a) Trade arises due

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Macroeconomics

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