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Nation engage in external trade because of difference in

Nation engage in external trade because of difference in
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Comparative cost
  • B Absolute cost
  • C Fixed cost
  • D Variable cost
Correct Answer: Option A
Explanation:
Comparative cost advantage is a reason for nations engage in external trade. The principle of comparative cost advantage was propounded by David Ricardo.

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