What was the first economic theory of international trade to be developed?

Related MCQs

• _______________ occurs when trade shifts to countries in the group at the expense of trade with countries not in the group, even though the nonmember country might be more efficient in the absence of trade barriers.
• Which of the following was developed with the rationale that the U.S.-Canadian trade was the largest bilateral trade in the world and that the United States is Mexico’s and Canada’s largest trading partner?
• International Trade is most likely to generate short-term unemployment in:
• International trade forces domestic firms to become more competitive in terms of
• The movement to free international trade is most likely to generate short-term unemployment in which industries
• ……………...is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
• Free international trade maximizes world output through
• Comparative Cost Trade Theory is given by
• The following factor does not differentiate international business from domestic business
• International business does not result in the following