Economics · International Trade
David Ricardo explained the Law of Comparative Advantage originally on the basis of:
- 1Labour theory of value✓
- 2Economies of scale
- 3Law of diminishing returns
- 4Opportunity costs
Correct answer
Labour theory of value
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