mcq ty sem vi 2024-25

International trade increases the welfare of _______ .

• all participating countries

• only exporting countries

• only importing countries

• none of the above

International trade increase the _________ of participating countries.

• output

• profit

• risks

• none of the above

According to David Ricardo, international trade is beneficial under _________ cost.

• comparative

• absolute

• equal difference in cost

• none of the above

David Ricardo’s Theory assumes perfect mobility of labour ________ .

• within the country

• between the participating countries

• within and between the participating countries

• none of the above

Comparative cost theory is static theory because it assumes _________ .

• there is no qualitative and quantitative change in inputs

• labour is homogeneous within the country

• there is no transport cost

• none of the above

Ricardian theory measures comparative cost in terms of ________ .

• man days

• money

• input costs

• all of the above

Ricardian theory assumes that labour is _________ within the country.

• homogeneous

• heterogeneous

• inefficient

• all of the above

Ricardian theory can be extended to __________ .

• more than two countries

• only two countries

• only to developed nations

• only to developing nations

Hecksher Ohlin theory on international trade can explain ________ trade.

• inter-regional and international

• only inter-regional

• only international

• none of the above

Commodity X is capital intensive, when in its production capital/labour ratio is _____ than Commodity Y.

• greater

• less

• equal to

• none of the above