The theory of comparative advantage states that a commodi...
The theory of comparative advantage states that a commodity should be produced in that nation where the
Absolute cost is least
Absolute money cost is least
Opportunity cost is least
Production possibility curve increases
Correct answer is C
No explanation has been provided for this answer.
Which of the following is excluded when making national income? ...
Which of the following is a necessary prerequisite for trade by barter? ...
When more of tax on a product is borne by the buyer than the seller, the commodity involved has ...
Both in the short run and in the long run, a firm maximizes its profits when ...
Total cost is the addition of ...
The tax whose rate increases as the level of income increases is known as ...
A retailer is distinguished by the nature of its sales, which is in__________ ...
An entrepreneur will locate his industry in a place ...
Which of these does not encourage industrial development? ...