Multiple Choice
Which of the following is not a benefit of international trade?
A) High wage levels for all domestic workers
B) Lower domestic prices
C) Development of more efficient methods and new products.
D) A greater range of consumption choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The exchange of goods and services are
Q2: The Heckscher-Ohlin approach to international trade provides
Q3: The first classical theory of International Trade
Q4: Which is not an advantage of international
Q5: In Heckscher Ohlin theory, what is assumed
Q6: 'Infant industry argument' in international trade is
Q7: Who propounded the opportunity cost Theory of
Q9: In classical theory of International Trade, the
Q10: Which of the following is a determinant
Q11: What determines the pattern of specialisation and