Question
Match List I with List II List I Authors of Trade Theory List II Name of Theory A. Steffan Linder I. Product Life Cycle Theory B. Raymond Vernon II. Country Similarity Theory C. Hecksher-Ohlin III. Absolute Advantage Theory D. Adam Smith IV. Factor Proportion Theory Choose the correct answer from the options given below:
The correct answer is
A - II, B - I, C - IV, D - III
Linder–country similarity; Vernon–product life cycle; Heckscher–Ohlin–factor proportions; Smith–absolute advantage. Thus A–II, B–I, C–IV, D–III.
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Important Questions from Theories of international trade
- According to Heckscher - ohlin theorem, a nation will export a commodity which is :
- Which one of the following assumptions is the most important assumption in the Heckscher - ohlin theorem of international trade ?
- Who among the following has given Absolute Advantage Model of international trade ?
According to Porter Diamond Model which of the following is NOT a factor of national competitive advantage?
According to the Heckscher-Ohlin theory, which one of the following statements is correct?
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