Examlex
The stated and unstated rules for proper conduct that a society establishes are referred to as:
Factor Endowments
The quantities of various resources a country possesses, which can affect its comparative advantage in international trade.
Free-Trade Theories
Economic theories advocating for the elimination of barriers to the exchange of goods and services between nations, to encourage trade and economic growth.
Mercantilism
A trade theory which suggests that trade generates wealth for a country with a trade surplus, with emphasis on colonization and military conquest.
Interventionist Trade Theory
A theory suggesting that government intervention in international trade through policies and regulations is necessary to correct market failures and protect domestic industries.
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