Question
Match List - I with List - II Choose the correct optionList - I List - II A. Absolute advantage theory of international trade I. Heckscher - Ohlin B. Factor proportion theory of trade II. Marshall C. Offer curve III. Adam Smith D. Opportunity cost IV. Haberler
The correct answer is
A - III, B - I, C - II, D - IV
Adam Smith is associated with absolute advantage; Heckscher–Ohlin with factor proportions; Marshall with offer curves; and Haberler with the opportunity-cost formulation of comparative advantage. Thus A–III, B–I, C–II, D–IV.
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