?
Match the following.
| List-I (Theories of International Trade) |
List-II (Features) |
| a. Theory of mercantilism |
1. It is developed by John Stuart Mill |
| b. Theory of absolute advantage |
2. What each country will export and what it will import is determined by comparative differences in labour costs |
| c. Theory of comparative cost |
3. It refers to the ability of a country to produce a good more |
| d. Theory of reciprocal demand |
4. It attributes and measures the wealth of a nation by the size of its accumulated treasures |
Answer & Solution
Correct Answer:
Option
A
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