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 following theories of international trade in List-I with their propounders in List-II:
|
List - A |
List - B |
|
a) Mercantilism theory |
1) Michael Porter |
|
b) Theory of absolute cost advantage |
2) David Hume |
|
c) National competitive advantage theory |
3) Eli Heckscher |
|
d) Factor endowment theory |
4) Adam Smith |
1
(a) - 1, (b) - 3, (c) - 4, (d) - 2
2
(a) - 3, (b) - 2, (c) - 1, (d) - 4
3
(a) - 2, (b) - 4, (c) - 1, (d) - 3
4
(a) - 4, (b) - 1, (c) - 2, (d) - 3