Who tested the classical theory of International Trade in 1951 ?
MacDougall tested the classical comparative-cost explanation of trade. He compared relative labour productivity with export performance to examine whether productivity…
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Who tested the classical theory of International Trade in 1951 ?
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MacDougall tested the classical comparative-cost explanation of trade. He compared relative labour productivity with export performance to examine whether productivity differences helped explain the pattern of trade.
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Madhya Pradesh SET (MP SET)