Which theory considers bullion as a part of the international trade:

CA Foundation · Business Economics · MTP · May 2026
Which theory considers bullion as a part of the international trade:
(A) A. Modern theory of trade
(B) B. Factor equalization theorem
(C) C. Comparative cost advantage theory
(D) D. Mercantilism

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Mercantilism

Topics: International Trade

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