Multiple Choice
Which of the following is true of the absolute advantage theory of international trade?
A) It emphasizes relative advantage in one economic activity that one nation enjoys in comparison with other nations.
B) It divides the countries of the world into three categories based on innovation.
C) It advocates extensive government intervention in international trade.
D) It was the first theory that advocated free trade.
Correct Answer:
Verified
Correct Answer:
Verified
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