Economics · International Trade Theories
Match the international trade theories in Group A with their respective proponents or core themes in Group B: Group A: (a) Mercantilism (b) Theory of Absolute Cost Advantage (c) Comparative Cost Advantage Theory (d) Factor Endowments Theory Group B: (1) Heckscher-Ohlin (2) David Ricardo (3) Adam Smith (4) Maintaining Favorable Balance of Payments (BOP)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a) - (4), (b) - (3), (c) - (2), (d) - (1)✓
- 2(a) - (4), (b) - (3), (c) - (1), (d) - (2)
- 3(a) - (4), (b) - (2), (c) - (3), (d) - (1)
- 4(a) - (4), (b) - (1), (c) - (2), (d) - (3)
Correct answer
(a) - (4), (b) - (3), (c) - (2), (d) - (1)
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