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

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Praveen Singh

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📊 International Business

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

(A) the theory of mercantilism
(B) the theory of comparative advantage
(C) the theory of absolute advantage
(D) the heckscher-ohlin theory

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✅ Correct Answer: (A) the theory of mercantilism

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