Which of the following is/are not applicable to classical theory of trade?
A. Labour theory of value
B. One factor model
C. It satisfies zero - sum game
D. It is a multi - factor model
E. Factors of production are mobile domestically and internationally
Choose the correct answer from the options given below:
Tap an option to check your answer.
Checking your account…
Theories of international trade has come up 151 times in 6 exams since 2006.
This question is on Absolute and comparative advantage, part of Theories of international trade in International Economics.
Why countries trade: producing more cheaply in absolute terms, or at lower opportunity cost.
TestStop has 42 past-paper questions on this subtopic; the nearest in year are below.
Question from the UGC-NET 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.