UGC NET
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Eduncle Asked an Mcq
March 2, 2020 12:00 pm
  • UGC NET
  • Economics

Arrange the following theories of international trade in chronological order as they appear : 

(a)    Theory of Opportunity Cost                (b)    Theory of Comparative Cost
(c)    Factor Price Equalisation Theorem    (d)    Theory of absolute cost
Identify the correct chronological order

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  • Eduncle Best Answer

    Apportunity Cost Theory (1936)
    Theory of Comparative Cost (1817)
    Factor Price Equalization Theorm (1948)
    Theory of Absolute Cost (1776)

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