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 List I with List II
| LIST I (Theory) | LIST II (What Nation's do) | ||
| A. | Mercantilism | I. | The range of products made or grown for export would depend upon the relative availability of different factors in each country. |
| B. | Theory of Absolute Advantage | II. | Gold and silver are the mainstay of national wealth |
| C. | Theory of Comparative Advantage | III. | Countries should specialize in the production of goods for which they have absolute advantage |
| D. | Factor Endowment | IV. | Nations should produce those goods for which they have the greatest relative advantage |
Choose the correct answer from the options given below:
1
A - I, B - II, C - III, D - IV
2
A - III, B - II, C - I, D - IV
3
A - II, B - III, C - IV, D - I
4
A - IV, B - III, C - II, D - I