Underlying the Theory of Comparative Advantage Are Assumptions Regarding

question 12

Multiple Choice

Underlying the theory of comparative advantage are assumptions regarding

• A)free trade between nations.
• B)that the factors of production (land, labor, capital, and entrepreneurial ability) are relatively immobile.
• C)that the factors of production (land, labor, capital, and entrepreneurial ability) are relatively mobile.
• D)a and b

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