MCQOPTIONS
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| 1. |
The basics and gains from international trade under the theory of opportunity cost is determined by |
| A. | Homogeneity of labours |
| B. | The shape of the substitution curve or production possibility curve under different cost conditions |
| C. | Imperfect competition in factor and commodity markets |
| D. | Change in technology |
| Answer» C. Imperfect competition in factor and commodity markets | |