Absolute Cost Advantage was developed by

(a)

Adam Smith

(b)

Ricardo

(c)

T.R.Hicks

(d)

Doltan

International trade was developed by

(a)

Adam Smith and Ricardo

(b)

Eli Heckscher and Bertil Ohlin

(c)

Ricardo and A.C. Pigou

(d)

Adam Smith and Ohlin

_________ is one of the types of BoP disequilibrium.

(a)

Income terms of trade

(b)

Devaluation

(c)

Structural

(d)

FDI

There are _______ major exchange rate system

(a)

two

(b)

three

(c)

four

(d)

five

International economics first originated in __________ on account of increasing importance of foreign trade in that part of the world.

(a)

Eastern Europe

(b)

Western Europe

(c)

North America

(d)

None