Economics · International Trade Theory
What is meant by the 'Opportunity Cost Theory'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Determination of exchange rate between goods
- 2Sacrifice of the opportunity for specialization
- 3Pain experienced by workers during production
- 4Sacrifice of another commodity to obtain the production of one commodity✓
Correct answer
Sacrifice of another commodity to obtain the production of one commodity
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!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice International Trade Theory MCQs →Want more practice questions on International Trade Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · International Trade Theory