Q285
Match the following. List-I (Theories of International Trade) List-II (Founders) a. Theory of reciprocal demand 1. David Ricardo b. Theory of absolute advantage 2. Adam Smith c. Theory of comparative advantage 3. Raymond Vernon d. Product life cycle theory of trade 4. John Stuart Mill
Match the following.
| List-I (Theories of International Trade) | List-II (Founders) |
| a. Theory of reciprocal demand | 1. David Ricardo |
| b. Theory of absolute advantage | 2. Adam Smith |
| c. Theory of comparative advantage | 3. Raymond Vernon |
| d. Product life cycle theory of trade | 4. John Stuart Mill |
A.
a-4, b-3, c-1, d-2
B.
a-3, b-1, c-4, d-2
C.
a-2, b-3, c-4, d-1
D.
a-2, b-4, c-1, d-3
AnswerAnswer: Option D
Solution
Answer: Option D
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