A situation where a government does not attempt to influence,through quotas or duties,what its citizens can buy from another country or what they can produce and sell to another country is known as free trade.
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Q1: Ricardo noted the importance of country factors
Q2: Mercantilism advocated that countries should encourage exports
Q3: The Heckscher-Ohlin theory has proven to be
Q5: Because of diminishing returns,it is not feasible
Q6: Smith's theory of international trade suggests that
Q7: The theory of comparative advantage suggests that
Q8: The Heckscher-Ohlin theory argues that free trade
Q9: The Heckscher-Ohlin theory emphasizes the interplay between
Q10: When a gain by one country results
Q11: According to the theories of Smith,Ricardo,and Heckscher-Ohlin,if
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