Theories of international economics from the 18th and 19th Centuries are
A) not relevant to current policy analysis.
B) only of moderate relevance in today's modern international economy.
C) highly relevant in today's modern international economy.
D) the only theories that actually relevant to modern international economy.
E) not well understood by modern mathematically oriented theorists.

Question

Quizplus · Accepted Answer

The theories of international economics from the 18th and 19th centuries, such as absolute advantage and comparative advantage, are highly relevant in today's modern international economy as trade and globalization continue to be important factors in international relations and economic growth. While some of the specifics may need to be adapted to modern circumstances, the core principles remain relevant.

Theories of International Economics from the 18th and 19th Centuries