Economics · Economics
Which of the following statements is NOT true regarding international trade?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above
- 2The principle of comparative costs also applies to international trade.
- 3Factor immobility is a unique characteristic of international trade.✓
- 4Comparative advantage applies to all types of trade.
Correct answer
Factor immobility is a unique characteristic of international trade.
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