David Ricardo propounded theory of
A) Law of reciprocal demand
B) Absolute theory of international trade
C) Comparative theory of international trade
D) None of the above
Correct Answer:
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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
Q13: Trade between nations occur due to
A)Difference in
Q14: Adam Smith propounded the theory of
A)Comparative cost
B)Opportunity
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
Q19: The main objective of international trade is
A)To
Q20: Import quota implies
A)Physical limitation of quantities of
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