Who propounded the theory of opportunity cost of international trade ?
Gottfried Haberler reformulated comparative advantage using opportunity cost. This permits the analysis of forgone output without relying on labour as the sole production…
Choose your answer
Who propounded the theory of opportunity cost of international trade ?
Answer and explanation
Correct answer C
Gottfried Haberler reformulated comparative advantage using opportunity cost. This permits the analysis of forgone output without relying on labour as the sole production input.
Practice for these exams
-
RPSC School Lecturer (School Education)