Ricardo noted the importance of country factors such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.
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Q2: Mercantilism advocated that countries should encourage exports
Q3: The Heckscher-Ohlin theory has proven to be
Q4: A situation where a government does not
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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