The trading principle formulated by Adam Smith maintained thata. differences in resource endowments determine comparative advantage. b. absolute cost differences determine the immediate basis for trade. c. differences in income levels govern world trade patterns. d. international prices are determined from the demand side of the market.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The trading principle formulated by Adam Smith maintained thata. differences in resource endowments determine comparative advantage. b. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » The trading principle formulated by Adam Smith maintained thata. differences in resource endowments determine comparative advantage. b. absolute cost differences determine the immediate basis for trade. c.