Social welfare increases when transfer of real income from the rich to poor increases is a statement given by

The imposition of an import tariff by a nation usually

Import quota implies

The main objective of international trade is

According to Heckscher-Ohlin theory as a result of international trade, the difference in factor price between nations

Heckscher-Ohlin theory of international trade is based on

The absolute advantage theory of international trade is associated with

Trade among different regions within the same country is known as

David Ricardo propounded theory of

In Heckscher-Ohlin model, factor abundance have been defined in two terms. Those are

Trade between nations occur due to

Adam Smith propounded the theory of

If a nation has a comparative advantage in the production of a good,

Who benefits from tariff protection?

Which of the following trade policies limits specified quantity of goods to be imported at one tariff rate.