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Question
The Republic of Argonia, owing to it's vast resources of arable land and fresh water, is an agrarian nation. It exports agricultural products and in turn imports products that it does not produce such as oil, machinery, computers, and electronic devices. The result is that it spends more on imports than what it gains from exports. Which of the following theories prohibits such international trade?
A. New trade theory
B. Product life-cycle theory
C. Mercantilism
D. Heckscher-Ohlin theory
E. Theory of national competitive advantage
Answer
This answer is hidden. It contains 307 characters.
Related questions
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When a time draft is presented to a drawee, he or she signifies acceptance of it by:
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B. paying the draft amount immediately.
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Q:
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E. The creditworthiness of the importer is irrelevant when issuing a letter of credit.
Q:
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B. similar preferences of the parties regarding how a transaction should be configured.
C. narrowing distance between the two parties due to technological advances.
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Q:
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Q:
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Q:
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C. The Federal Trade Commission
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E. The Bank of New York