To an even greater degree than the theory of absolute advantage,_____ suggests that trade is a positive-sum game in which all participating countries fetch economic gains.
A) the Heckscher-Ohlin theory
B) mercantilism
C) the theory of comparative advantage
D) Leontief's paradox
Correct Answer:
Verified
Q47: Which of the following theories of international
Q48: The flaw with mercantilism was that it
Q49: An inconsistency in the mercantilist doctrine,as pointed
Q50: Which of the following is one of
Q51: Mercantilists saw no virtue in _.
A)a large
Q53: _ theory suggests that consumers in all
Q54: A country intentionally keeps its currency value
Q55: A situation in which gains by all
Q56: Which of the following is NOT consistent
Q57: Neo-mercantilists equate _ with economic power and
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