Question

    Factor endowment theory is also known as

    a. Modern theory of international trade.

     b. Classical theory of international trade.

     c. Reciprocal demand theory.

     d. Factor proportions theory of international trade.

    Codes:

    A a and b Correct Answer Incorrect Answer
    B b and c Correct Answer Incorrect Answer
    C a and d Correct Answer Incorrect Answer
    D c and d Correct Answer Incorrect Answer
    E a and c Correct Answer Incorrect Answer

    Solution

    Factor endowment theory is also known as Factor proportions theory of international trade or the Modern theory of international trade.

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