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 for ‘A’
C. ‘A’ is true but ‘R’ is false
D. ‘A’ is false but ‘R’ is true
Answer:C
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 for ‘A’ C. ‘A’ is true but ‘R’ is false D. ‘A’ is false but ‘R’ is true