Economics · International Trade Theories
Match List-I (International Trade Theory/Concept) with List-II (Key Idea): List-I A. Absolute Advantage Theory B. Comparative Advantage Theory C. Heckscher-Ohlin Theory D. Product Life Cycle Theory List-II 1. Trade is based on relative efficiency differences 2. Trade depends on factor endowments 3. Countries export goods in which they have absolute cost advantage 4. Trade pattern changes with product stages internationally Choose the correct match from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-2, B-1, C-3, D-4
- 2A-3, B-2, C-1, D-4
- 3A-1, B-3, C-2, D-4
- 4A-3, B-1, C-2, D-4✓
Correct answer
A-3, B-1, C-2, D-4
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