| 1 |
In which of the following condition theory of international trade is presented |
Monopoly
Duopoly
Monopolistic competition
Perfect competition
|
| 2 |
In comparative cost or comparative advantage theory, ratio is |
1x1 one good one country
2x2 two goods two countries
1x2 one good two countries
2x1 two goods one country
|
| 3 |
Absolute advantage theory was presented by |
Adam Smith
Prof Walker
Ricardo
Marshall
|
| 4 |
Comparative cost theory was presented by |
Marshall
Ricardo
Hecksher
Ohlin
|
| 5 |
Comparative cost theory is also called |
Theory of comparison cost
Theory of specialization of cost
Theory of balanced cost
Theory of specialization of production
|
| 6 |
According to classical theory of international trade, a country imports those goods from the other country which |
Are durable
Are standardised
Are produced comparatively at high cost
Are not produced in that country
|
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