Match the following.
| List-I (Theories of International Trade) | List-II (Features) |
| a. Theory of reciprocal demand | 1. Through specialisation, countries could increase their efficiency |
| b. Theory of absolute advantage | 2. It emphasises the demand side as well |
| c. Theory of mercantilism | 3. It assume that there is only one factor of production |
| d. Theory of comparative cost | 4. Countries should export more than they import |
A. a-4, b-3, c-2, d-1
B. a-2, b-1, c-4, d-3
C. a-3, b-4, c-1, d-2
D. a-2, b-3, c-4, d-1
Answer: Option D
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