The basis of trade between countries lies in the
A) The difference in factor endowment
B) The difference in money standard
C) Difference in political system
D) All of the above
Correct Answer:
Verified
Q6: The net present value
A)Is calculated by discounting
Q7: When using the net present value and
Q8: If the internal rate of return (r)
Q9: The basis of trade between countries lies
Q10: One similarity between international trade and inter-regional
Q12: The absolute advantage theory of international trade
Q13: Trade between nations occur due to
A)Difference in
Q14: Adam Smith propounded the theory of
A)Comparative cost
B)Opportunity
Q15: David Ricardo propounded theory of
A)Law of reciprocal
Q16: In Heckscher-Ohlin model, factor abundance have been
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents