The classical economist Adam Smith was a champion of -------.
A) Protectionism
B) Free Trade
C) Trade Wars
D) Intra indstry trade
Correct Answer:
Verified
Q15: Comparative advantage occurs when ……..than other country
Q16: A tariff------
A)Increases the volume of trade
B)Reduces the
Q17: Terms of trade of less developed countries
Q18: According to J S Mill, equilibrium terms
Q19: Marshall and Edgeworth introduced a geometrical device
Q20: The concept of offer curves is associated
Q21: The offer curve of a country is
Q22: Reciprocal demand is
A)Mutual supply
B)Ratio of volume of
C)Ratio
Q23: In a free world in which no
Q24: A commercial policy is a government policy
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