Theories of International Trade
Description: This quiz covers the fundamental theories that explain the patterns of international trade and the gains from trade between countries. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: international trade comparative advantage absolute advantage heckscher-ohlin model ricardo model |
Which theory of international trade emphasizes the differences in production costs between countries?
According to the Absolute Advantage Theory, a country should specialize in producing and exporting goods for which it has:
The Heckscher-Ohlin Model explains international trade based on differences in:
In the Heckscher-Ohlin Model, a country tends to export goods that are intensive in:
Which theory of international trade focuses on the role of transportation costs and geographic proximity?
The Stolper-Samuelson Theorem states that:
Which theory of international trade emphasizes the role of economies of scale and increasing returns?
In the New Trade Theory, countries tend to specialize in producing goods that exhibit:
The Linder Hypothesis suggests that countries tend to export goods that are:
Which theory of international trade emphasizes the role of government policies and institutions?
The concept of 'infant industry protection' is associated with which theory of international trade?
The concept of 'dumping' in international trade refers to:
The concept of 'terms of trade' in international trade refers to:
Which theory of international trade emphasizes the role of technological change and innovation?
The concept of 'trade deficit' in international trade refers to: