Which of the following theories holds that countries will produce and export products that use large amounts of production factors that they have in abundance?

Related MCQs

• In country A, it takes 10 labor hours to produce cloth and 20 labor hours to produce grain. In country B, it takes 20 labor hours to produce cloth and 10 labor hours to produce grain. Which country should produce grain?
• In North, it takes 50 labor hours to produce cloth and 100 hours to produce grain. In South, it takes 200 labor hours to produce cloth and 200 hours to produce grain. Which of the following statements is true?
• In country X, it takes 50 labor hours to produce cloth and 100 hours to produce grain. In country Y, it takes 200 labor hours to produce cloth and 200 hours to produce grain. At what price would X start to be willing to trade with Y?
• The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is.
• The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is.
• The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is
• Which trade theory holds that nations can increase their economic well-being by specializing in the production of goods they produce more efficiently than anyone else
• Consider the following statements about the Foreign Trade Policy 2015-20 unveiled on 1st Apr’15. A. This policy focuses on boosting exports and creating jobs while supporting the Centre’s Make In India and Digital India' programs. B. The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export. C. The policy is to move towards paperless working in 24x7 environments. D. The policy comes at a time when export growth contracted 15 percent in February 2014-15, reporting a negative growth for the third consecutive month.
• Name the two schemes introduced under the new foreign trade policy? Merchandise Export from India Scheme & Services Export from India Scheme
• The export promotion scheme with the objective to neutralize the incidence of Customs duty on the import content of the export product is.