Match LIST-I with LIST-II: LIST-I: A. Supply side of international trade; B. Demand side of international trade; C. Opportunity cost of international trade; D. Real cost theory of international trade LIST-II: I. David Ricardo; II. Bastable and Alfred Marshall; III. G. Haberler; IV. Alfred Marshall and Edgeworth
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Theories of international trade has come up 151 times in 6 exams since 2006.
This question is on Absolute and comparative advantage, part of Theories of international trade in International Economics.
Why countries trade: producing more cheaply in absolute terms, or at lower opportunity cost.
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Question from the UGC-NET 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.