Theory of comparative advantage is based on which of the following assumption?
The labour theory of value
Two nations and two commodities
Constant cost of production
All of the above
_________ is the lifeblood of virtually all modern, developed and developing economics.
None of these
Tariff is a tax on __________
_________ is an important financial record of the international trading transactions of a country.
Balance of payments
Balance of Trade
Foreign exchange balance