Match the following trade theories with their proponents:
Theory Proponent
1. Heckscher-Ohlin Theory A. David Ricardo
2. Comparative Advantage B. Eli Heckscher & Bertil Ohlin
3. New Trade Theory C. Paul Krugman
4. Absolute Advantage D. Adam Smith
1
1-B, 2-A, 3-C, 4-D
2
1-D, 2-B, 3-A, 4-C
3
1-C, 2-D, 3-B, 4-A
4
1-A, 2-C, 3-B, 4-D
5
Question Not Attempted