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    Question

    Factor endowment theory is also known as

    a. Modern theory of international trade. ┬аb. Classical theory of international trade. ┬аc. Reciprocal demand theory. ┬аd. Factor proportions theory of international trade. Codes:
    A a and b Correct Answer Incorrect Answer
    B b and c Correct Answer Incorrect Answer
    C a and d Correct Answer Incorrect Answer
    D c and d Correct Answer Incorrect Answer
    E a and c Correct Answer Incorrect Answer

    Solution

    Factor endowment theory is also known as Factor proportions theory of international trade or the Modern theory of international trade.

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