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Which of the following is a theory that explains why countries specialize in producing and exporting goods and services in which they have a comparative advantage?
Which of the following is a theory that explains why countries specialize in producing and exporting goods and services in which they have a comparative advantage?
Updated On: Aug 5, 2024
- Comparative advantage theory
- Absolute advantage theory
- Heckscher-Ohlin theory
- Both a) and c)
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The Correct Option is D
Solution and Explanation
The correct option is (D): Both a) and c)
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