Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business
Match List I with List II
|
List I Name of Theory of International Trade |
List II Description |
||
|
(A) |
Heckscher-Ohlin Theory |
(I) |
The ability of a nation to produce the goods more efficiently and effectively than any other country |
|
(B) |
Country Similarity Theory |
(II) |
Theory stating that trade occurs between nations that have similar characteristics such as economic, geography and cultural characteristics |
|
(C) |
Theory of Mercantilism |
(III) |
The theory that a nation will export the goods whose production requires intensive use of the nation’s relatively abundant and cheap factors and import goods when production requires intensive use of its scarce and expensive factors |
|
(D) |
Absolute Advantage Theory |
(IV) |
Theory that aims at accumulating financial wealth in terms of gold by encouraging exports and discouraging imports |
Choose the correct answer from the options given below:
1
A - IV, B - III, C - II, D - I
2
A - IV, B - II, C - I, D - III
3
A - III, B - II, C - IV, D - I
4
A - III, B - II, C - I, D - IV