Match the columns : Codes : (a) (b) (c) (d)Group A Group B (a) Mercantilism (1) Heckscher-Ohlin (b) Theory of Absolute Cost Advantage (2) David Ricardo (c) Comparative Cost Advantage Theory (3) Adam Smith (d) Factor Endowments Theory (4) Maintaining Favourable BOP
(4) (3) (2) (1)
Mercantilism held that a nation grows rich by exporting more than it imports, i.e. maintaining a favourable balance of payments (BOP), so (a) matches (4).
Adam Smith propounded the Theory of Absolute Cost Advantage, so (b) matches (3). David Ricardo propounded the Comparative Cost Advantage Theory, so (c) matches (2). The Factor Endowments Theory is by Heckscher and Ohlin, so (d) matches (1).
| Theory | Linked to |
|---|---|
| (a) Mercantilism | (4) Maintaining Favourable BOP |
| (b) Theory of Absolute Cost Advantage | (3) Adam Smith |
| (c) Comparative Cost Advantage Theory | (2) David Ricardo |
| (d) Factor Endowments Theory | (1) Heckscher-Ohlin |
Hence, the matching is (a)-(4), (b)-(3), (c)-(2), (d)-(1).
Similar Questions
A producer when supplies particular goods and commodities to specified distributors and guarantees not to supply other distributors in a given region is termed as ................. .
Under the provisions of section ................ of the Banking Regulation Act, the SLR is applicable to scheduled banks.
Which of the following is appliable for inter-state sale ?
Under the constitution, Finance Commission :
(X) It is to be constituted every fifth year.
(Y) It can be constituted when President considers necessary.
Which theory postulates that countries will export those goods that make intensive use of factors that are locally abundant, while import goods that make use of factors that are locally scarce ?
Which of the following is not a type of BOP disequilibrium ?
Which of the following countries was not a member of SAARC when it was established in 1985 ?
Which one of the following is not a function of International Monetary Fund (IMF) ?
Management audit is an extension of .................... .
Which one of the following is not a form of non-tariff barriers (NTBs) ?
Important Questions from Mixed Topic (MH-SET)
.................... is a client server application that identifies each host on the internet with a unique user-friendly name.
Every OS has a ................ or .......... which primarily resides in the main memory of the computer to perform some of the basic functions of the OS.
(i) Kernel
(ii) Interface
(iii) Nucleus
(iv) Compiler
Codes:
Which of the following are referred to as low level language?
(i) Machine language
(ii) Assembly language
(iii) High level language
(iv) Natural language
Codes:
Match the following:
List I List II (a) New York Public Library (i) Shelv AR (b) Miami University Augmented Research Group (ii) Smart library (c) Oula University Library (iii) Wolf Walk (d) North Carolina State University (iv) Find the future Codes:
Which part of the QR code represents the encoded data?
