Which of these does not relate to the law of comparative advantage?
ECONOMICS
WAEC 1991
Which of these does not relate to the law of comparative advantage?
- A. The law of comparative advantage was propounded by David Ricardo
- B. The law stresses the importance of relative efficiency
- C. In order to specialize, a country must have absolute advantage
- D. The law is based on opportunity cost principle
Correct Answer: C. In order to specialize, a country must have absolute advantage
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