Q. Factor endowment theory is also known as
✅ Correct Answer: (A)
heckcher ohlin theory
International Economics MCQs and Notes
Q. Haberler reconstituted comparative advantage theory on the basis of ____
✅ Correct Answer: (A)
opportunity cost theory
Q. Who reoriented comparative advantage theory?
✅ Correct Answer: (C)
haberler
Q. Principles of Political Economy and Taxation is the book of
✅ Correct Answer: (C)
david recardo
Q. According to ________ even though a country is absolutely disadvantageous in both commodities there is still possibility for trade
✅ Correct Answer: (C)
david recardo
Q. Modern trade theory is developed by
✅ Correct Answer: (B)
heckscher and ohlin
Q. Protectionist trade policy is associated with
✅ Correct Answer: (A)
mercantilists
Q. Which of the following statement is true
✅ Correct Answer: (A)
a depreciation is likely to correct a deficit in bop when the demand for and supply of foreign exchange is more elastic
Q. What are the major drawbacks of tariffs
✅ Correct Answer: (D)
all the above
Q. When tariffs are imposed
✅ Correct Answer: (A)
the prices of imports would increase to the extent of tariff.