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Who proposed the Filter (Overlapping Demand) Theory of Trade?

• A. David Ricardo

• • B. Adam Smith

• C. Staffan Linder

• D. Paul Krugman

Linder’s theory suggests international trade is primarily driven by:

• A. Factor endowments

• B. Differences in labor productivity

• C. Similar consumer demand patterns

• D. Currency exchange rates

A sign with two arrows, one pointing up and one down, usually indicates:

• A. No entry

• B. Road closed

• C. Two-way traffic

• D. Detour

What does a circular sign with a red border and a number like ‘50’ indicate?

• A. Minimum speed

• B. Maximum speed limit

• C. Route number

• D. Vehicle weight limit

The Filter Trade Theory was proposed by economist Staffan ________.

The theory suggests that trade in ________ goods is more likely between countries with overlapping demand structures.