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IT
Question Practice

What is the significance of the concept of 'comparative advantage' in international trade?

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MCQ_SA
CBSE
Class 12
Geography
Fundamentals of Human Geography
International Trade
Question Bank

What is the significance of th...

Single Answer MCQ
Q-00087632

What is the significance of the concept of 'comparative advantage' in international trade?

1

It ensures equal distribution of wealth.

2

It promotes specialization and efficiency.

3

It reduces trade barriers completely.

4

It favors developed nations over developing ones.

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