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Which of the following assumptions are true in context of theory...

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Business Environment and International Business
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Which of the following assumptions are true in context of theory of comparative advantage?
(1) Two trading economies each producing the same two goods.
(2) The factors of production in each economy are perfectly mobile.
(3) There are no trade barriers and no transport costs.
(4) The state of technology is unchanged.

Answer & Solution
Correct Answer: Option D
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