Economics · International Trade
Which of the following assumptions/features is/are NOT applicable to the classical theory of international trade? A. Labour theory of value B. One-factor model C. It satisfies a zero-sum game D. It is a multi-factor model E. Factors of production are mobile both domestically and internationally Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1C, D, and E only
- 2D and E only✓
- 3B and C only
- 4A and B only
Correct answer
D and E only
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