CSS :: Money Banking and International Trade
|
|
|
|
|
|
Which among the following, is not an assumption of the classical - territory of comparative cost advantage?
|
[A]. |
Labour is the only factor of production | [B]. |
Production takes place under diminishing returns
|
[C]. |
There are no tariffs | [D]. |
Prices are determined by their real labour costs of production |
|
|
|
|