Ricardian theory has _ countries and           commodities

Related MCQs

• If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this?
• When many commodities are traded terms of trade is expresed as _ of its export pricr to import price
• According to the Purchasing Power Parity theory, the rate of exchange between the currencies of two countries is determined by_                      
• Purchasing Power Parity Theory considers that goods in different countries are _         
• H-o Theory s based on value theory.
• Trade between two countries is called
• According to Adam Smith, international trade is advantageous for all participating countries only if they enjoy _ difference in cost of production
• The rate at which goods are exchangeed between two countries is called
• Two countries can gain from foreign trade if
• The developing Countries it is argued usually