________ stresses that in some cases countries specialize in the production and export of particular products because the world market can support only a limited number of firms.
A) New trade theory
B) Absolute advantage
C) The world market theory
D) Mercantilism
Correct Answer:
Verified
Q29: Identify the theory that supports the view
Q30: _ supports the idea that countries should
Q31: A capital-intensive country exports products that are
Q32: Which of the following refers to a
Q33: _ argued that countries should specialize in
Q35: Which of the following theories emphasizes the
Q36: The _ argues that a large proportion
Q37: Which of the following is a theory
Q38: David Ricardo's theory of comparative advantage explains
Q39: The _ theory argues that the pattern
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