Match the items in List I with economists propounded the same from List II List I (Theoretical Foundations of Global Trade) List II (Economists) a. Absolute cost advantage i. Michael Porter b. Factor endowment theory ii. David Ricardo c. National competitive advantage iii. Hecksher and Ohlin d. Comparative cost advantage iv. Adam smith Identify correct match from the following:
a-iv, b-iii, c-i, d-ii
Absolute advantage is associated with Adam Smith; factor endowments with Heckscher and Ohlin; national competitive advantage with Michael Porter; and comparative advantage with David Ricardo. Therefore a-iv, b-iii, c-i, d-ii.
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?
