2013
Economics
POST UTME
The law of comparative cost and absolute cost advantage are not the same is that;
A.
Former require that one of the countries has absolute advantage in the two goods but latter does not
B.
Former requires one country to have at least absolute advantage in one of the trading goods over the other country but latter does not.
C.
Former does not require any of the country to have absolute advantage in any of the two goods but latter require that one of the countries should have absolute advantage in all the goods.
D.
Former does not require any of the country to have absolute advantage in any of the two goods but latter require that one of the countries should have absolute advantage in at least one of the goods.
Correct Answer: Former does not require any of the country to have absolute advantage in any of the two goods but latter require that one of the countries should have absolute advantage in at least one of the goods.
Explanation
This Question has no answer detail yet, Add oneTHIS WEEK's
Latest Articles
Top-Scorer Okoro Uchechukwu Solomon Reveals How He Scored 337 in JAMB
by samuel olalekan adeyemi
Bouncing Back: How Samuel Isaac Overcame Setbacks to Score 265 in JAMB and What He Learned
by samuel olalekan adeyemi
Managing Stress During Exams: Practical Tips for Students
by samuel olalekan adeyemi
