1.

Assertion (A): David Ricardo was formulated as an explicit and precise theory. Reason (R): David Ricardo developed the theory of absolute cost advantage.(a) Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’ (b) Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’ (c) ‘A’ is true but ‘R’ is false (d) ‘A’ is false but ‘R’ is true

Answer»

(c) ‘A’ is true but ‘R’ is false



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