The nation of Tazia exports agricultural products and in turn imports products that it does not...
The nation of Tazia exports agricultural products and in turn imports products that it does not produce such as computers and electronic devices. As a result, it spends more on imports than it gains from exports. Which perspective would frown on this form of international trade?
Multiple Choice
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new trade theory
-
product life-cycle theory
-
mercantilism
-
Heckscher-Ohlin theory
-
theory of national competitive advantage
Homework Answers
The answer is option c- mercantilism
The nation of Tazia exports agricultural products and in turn imports products that it does not produce such as computers and electronic devices. As a result, it spends more on imports than it gains from exports. Which perspective would frown on this form of international trade- mercantilism
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