Theories of international economics from the 18th and 19th centuries are
A) not relevant to current policy analysis.
B) only of moderate relevance in today's modern international economy.
C) highly relevant in today's modern international economy.
D) the only theories that are actually relevant to modern international economy.
E) not well understood by modern mathematically oriented theorists.

Question

Quizplus · Accepted Answer

Theories of international economics from the 18th and 19th centuries, such as Adam Smith's theory of comparative advantage, remain highly relevant in today's modern international economy. These early theories continue to influence the understanding of trade and international relations, and are still used to inform policy decisions.

Theories of International Economics from the 18th and 19th Centuries