Trade between nations occur due to
A) Difference in monetary
B) Difference in resource endowment
C) Difference in political status
D) Difference in population
Correct Answer:
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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
Q11: The basis of trade between countries lies
Q12: The absolute advantage theory of international trade
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
Q17: Trade among different regions within the same
Q18: Heckscher-Ohlin theory of international trade is based
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