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Assertion (A): Heckscher-Ohlin theory invalidates the classical theory of comparative costs.Reason (R): Heckscher-Ohlin theory goes behind the comparative cost theory.

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International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. Basicaly, International economics deals with issues arising from economic interaction among sovereign nations


Assertion (A): Heckscher-Ohlin theory invalidates the classical theory of comparative costs.<br>Reason (R): Heckscher-Ohlin theory goes behind the comparative cost theory.






 
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