According to Adam Smith, diversification of labour at the international level requires the

Question

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Existence of comparative differences in costs

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Existence of absolute differences in costs

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Existence of least cost combination of factors

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Existence of labour involved in production of a commodity

1.	According to Adam Smith, diversification of labour at the international level requires the
A.	Existence of absolute differences in costs
B.	Existence of comparative differences in costs
C.	Existence of least cost combination of factors
D.	Existence of labour involved in production of a commodity
Answer» B. Existence of comparative differences in costs

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