MCQ
Assertion (A): David Ricardo was formulated as an explicit and precise theory.
Reason (R): David Ricardo developed the theory of absolute cost advantage.
Reason (R): David Ricardo developed the theory of absolute cost advantage.
- ABoth ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
- BBoth ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
- ✓‘A’ is true but ‘R’ is false
- D‘A’ is false but ‘R’ is true