According to Adam Smith, the trade between countries should happen _____.
A) naturally according to the market forces
B) under government regulation
C) using factors that are available
D) only when a country has an absolute advantage
Correct Answer:
Verified
Q1: What are the four factor endowments?
A)national resources,
Q2: The Heckscher- Ohlin model is principally focused
Q3: A no-trade world will have which of
Q4: Transportation cost of trade affects:
A)pattern of trade
B)boundaries
Q5: What was the first economic theory of
Q7: According to the principle of comparative advantage:
A)south
Q8: Globalization refers to:
A)lower incomes worldwide
B)less foreign trade
Q9: Comparative Cost Trade Theory is given by
A)adam
Q10: ……………..is the payment method most often used
Q11: Key controllable factors in global marketing are:
A)government
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