International Trade Laws mcq Quiz Set 4

1. The first classical theory of International Trade is given by_____?

Correct! Wrong!

2. In classical theory of International Trade, the exchange of goods and services takes on the basis of______system?

Correct! Wrong!

3. If capital is available in large proportion and labour is less, then that economy is known as _____?

Correct! Wrong!

4. In Heckscher Ohlin theory, what is assumed to be same across the countries?

Correct! Wrong!

5. Opportunity cost is also known as _____?

Correct! Wrong!

6. Factor proportions theory is also known as the_____?

Correct! Wrong!

7. Trade between two countries can be useful if cost ratios of goods are_____?

Correct! Wrong!

8. According to Hecksher and Ohlin basic cause of international trade is_____?

Correct! Wrong!

9. The theory explaining trade between two countries is called_____?

Correct! Wrong!

10. Terms of Trade a country show _____?

Correct! Wrong!

International Trade Laws mcq Quiz Set 4

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