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26 September, 20:00

Which of the following assumptions are present in the classical theories of international trade?

a. Different produces have different product life cycles

b. No complications in foreign exchange transactions

c. Transportation costs should underpin foreign trade

d. Resource mobility is not easy to achieve

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Answers (1)
  1. 26 September, 23:14
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    Answer: C

    Explanation: Transportation costs should underpin foreign trade.
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