Adam Smith identified the basic reason for trade between two nations as | Faculties

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Ram Sharma

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📊 International Economics

Q. Adam Smith identified the basic reason for trade between two nations as

(A) the difference in absolute advantage
(B) the difference in comparative advantage
(C) difference in factor endowments
(D) non of the above.

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✅ Correct Answer: (A) the difference in absolute advantage

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