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Question
Which of the following factors is taken into consideration by David Ricardo's theory of comparative advantage in order to explain the pattern of international trade?A.Absolute advantage of a country with reference to natural resources
B.The proportions in which the factors of production are available
C.International differences in labor productivity
D.The ability of firms to cope with late-mover disadvantages
E.The ability of firms to capture first-mover advantages
Answer
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