Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business Socio-cultural factors and their influence on business Theories of international trade
Match the items in List I with economists propounded the same from List II
|
List I (Theoretical Foundations of Global Trade) |
List II (Economists) |
||
|
a. |
Absolute cost advantage |
i. |
Michael Porter |
|
b. |
Factor endowment theory |
ii. |
David Ricardo |
|
c. |
National competitive advantage |
iii. |
Hecksher and Ohlin |
|
d. |
Comparative cost advantage |
iv. |
Adam smith |
Identify correct match from the following:
1
a-iv, b-iii, c-i, d-ii
2
a-iii, b-ii, c-i, d-iv
3
a-i, b-iv, c-iii, d-ii
4
a-iii, b-iv, c-ii, d-i