Mill’s theory of reciprocal demand indicates a

Related MCQs

• J.S.Mill introduced the theory of reciprocal demand to explain
• Mill’s theory of reciprocal demand is based on one of the assumptions that
• The principle of reciprocal demand was introduced by
• In case of Mill’s theory, where country A produces good X and country B produces good Y, if country A’s demand for product Y increases, then country A’s offer curve will
• Which of the following is the cause of international trade as per Heckscher-Ohlin trade theory?
• The theory of comparative advantage in international trade was propounded by
• Adam Smith’s theory of international trade is based on
• According to comparative advantage theory
• Heckscher-Ohlin theory of trade is based on
• In Ricardian theory of international trade, the only factor of production is