Match List I with List II List I (authors of Trade Theory) I. Steffan Linder II. Raymond Vernon III.…
Matching the international trade theorists with their respective theories: Staffan Linder propounded the Country Similarity Theory (I-2); Raymond Vernon formulated the…
Choose your answer
Match List I with List II
List I (authors of Trade Theory)
I. Steffan Linder
II. Raymond Vernon
III. Hecksher- Ohlin
IV. Adam Smith
List II (Name of theory)
1. Product Life Cycle Theory
2. Country Similarity Theory
3. Absolute Advantage Theory
4. Factor Proportion Theory
Answer and explanation
Correct answer B
Matching the international trade theorists with their respective theories: Staffan Linder propounded the Country Similarity Theory (I-2); Raymond Vernon formulated the International Product Life Cycle Theory (II-1); Eli Heckscher and Bertil Ohlin developed the Factor Proportions (Factor Endowment) Theory (III-4); and Adam Smith propounded the Absolute Advantage Theory (IV-3).
Practice for these exams
-
UGC NET Commerce