Modern trade theory concerns the following questions
A) What constitutes the basis for trade?
B) At what terms of trade are products exchange in the world market?
C) What are the gains from trade regarding production and consumption?
D) All of the above

Question

Quizplus · Accepted Answer

Modern trade theory concerns all of the above questions. It seeks to understand the basis of trade, the terms on which products are exchanged in the global market, and the gains from trade of both production and consumption.

Modern Trade Theory Concerns the Following Questions