The reason why countries should specialise in producing a certain product for export is explained by:

(a) The Law of Comparative Advantage;
(b) The Law of Absolute Advantage;
(c) Both (a) and (b) above.
(d) None of the above


Answer: (a) The Law of Comparative Advantage;

Economics

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a. True b. False Indicate whether the statement is true or false

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________: a government tax imposed on goods or products entering a country

Fill in the blank(s) with correct word

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