International Trade and Development Quiz
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Questions and Answers

Which theory of international trade and comparative advantage was developed prior to Adam Smith?

  • Globalization
  • Heckscher-Ohlin
  • Porters Diamond
  • Mercantilism (correct)

    • Which theory of economic growth suggests that there are no limits to growth?

  • Classical theories
  • Learning society
  • The New "New" Economy (correct)
  • Entrepreneurship

    • What does GDP growth primarily depend on?

  • Investments in R&D
  • Increasing capital intensity
  • Higher labor productivity (correct)
  • Know-how and raw materials

    • What does productivity primarily depend on?

    <p>Labor</p> Signup and view all the answers

    What was the measure of national wealth during the period of mercantilism?

    <p>Precious metals (gold)</p> Signup and view all the answers

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