Foreıgn Trade Deneme Sınavı Sorusu #1403839

According to which trade theory, both of the trading countries can gain if each of them produces the commodity in which they are more efficient?


The theory of Comparative Advantage

The theory of Competitive Advantage

The theory of Terms of Trade

The theory of Dynamic Industries

The theory of Absolute Advantage


Yanıt Açıklaması:

Theory of Absolute Advantage

It is the theory of Adam Smith who has been accepted as the father of the Classical Trade Theory. According to the Theory of Absolute Advantage, both of the trading countries can gain if each of them produces the commodity in which they are more efficient.

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