Economics · International Trade
According to David Ricardo's classical theory, which type of cost difference is a necessary condition for mutually beneficial trade between two countries?
- 1None of these
- 2Equal cost difference
- 3Comparative cost difference✓
- 4Absolute cost difference
Correct answer
Comparative cost difference
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on International Trade?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · International Trade