The theory of International trade is based on - JAMB Commerce 2019 Question
The theory of International trade is based on_________
A
Principles of management
B
Principles of comparative cost
C
Principle of double entry
D
Theory of migration
correct option: b
International trade is based on the principle of comparative cost advantage which was propounded by David Ricardo in the 19th century. The basis of international trade lies in the diversity of economic resources in different countries.
Please share this, thanks:
Add your answer
No responses