______ is the oldest International Trade theory.

CA Foundation · Business Economics · MTP · June 2024
______ is the oldest International Trade theory.
(A) A. Country Similarity Theory
(B) B. Theory of Absolute Cost advantage
(C) C. Product Life Cycle Theory
(D) D. Mercantilism Theory

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Mercantilism Theory

Topics: Public Finance

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