According to Jacob Viner, the classical economists measured the gains from trade in terms of

Related MCQs

• The modern economists considered the gains from trade resulted from
• Under the gains from international trade, the gains from exchange is also known as the
• The classical theorists believed that the gains from trade resulted from
• The concept of commodity or net barter terms of trade has been used by economists to measure
• In the modern trade theory, the gains from international trade are clearly differentiated between
• A single factoral terms of trade shows that a country’s factoral terms of trade improve as productivity
• According to classical view, one of the main difference between inter-regional and international trade is
• The basics and gains from international trade under the theory of opportunity cost is determined by
• Gains from trade depends on
• The two types of gains from trade are