Economics · International Trade Theories
Which was the earliest systematic economic theory of international trade to be developed?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Theory of Absolute Advantage
- 2The Theory of Comparative Advantage
- 3The Theory of Mercantilism✓
- 4The Heckscher-Ohlin Theory
Correct answer
The Theory of Mercantilism
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