The theory of absolute advantage and the relative theory of interest are the traditional theory claiming ( ).
A: free trade
B: protection trade
C: state intervention
D: state intervention combined with laissez faire
A: free trade
B: protection trade
C: state intervention
D: state intervention combined with laissez faire
举一反三
- Because of substantial economies of scale, the _____ theory argues that trade can increase the variety of goods available to consumers. A: absolute advantage B: technological gap C: new trade D: factor endowments
- Adam Smith is well known for ___________ A: Specification B: absolute advantage theory C: comparative advantage theory D: perfect competition
- Which trade theory is tantamount to a short-run version of the factor price equalization theory?
- 2. _____________refined the theory of absolute advantage to one of comparative advantage.
- _______explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.（ ） A: Mercantilism B: The law of comparative advantage C: The labor theory of value D: The law of absolute advantage