Match List - I with List - II. List - I (Theories of International Trade) — List - II (Propounder) A.…
Matching international trade theories with their propounders: Theory of Relative Factor Endowment (H-O Model) was propounded by Eli Heckscher and Bertil Ohlin (A-III);…
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Match List - I with List - II.
List - I (Theories of International Trade) — List - II (Propounder)
A. Theory of Relative Factor Endowment — I. Adam Smith
B. Country Similarity Theory — II. David Ricardo
C. Theory of Absolute Advantage — III. Eli Heckscher and Bertil Ohlin
D. Theory of Comparative Advantage — IV. Steffan Linder
Answer and explanation
Correct answer C
Matching international trade theories with their propounders: Theory of Relative Factor Endowment (H-O Model) was propounded by Eli Heckscher and Bertil Ohlin (A-III); Country Similarity Theory by Staffan Burenstam Linder (B-IV); Theory of Absolute Advantage by Adam Smith (C-I); and Theory of Comparative Advantage by David Ricardo (D-II).
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