What Is the First International Trade Theory

question 44

Multiple Choice

What is the first international trade theory?

• A) mercantilism
• B) absolute advantage
• C) laissez faire
• D) none of the above

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Definitions:

Shocks

Sudden and often violent disturbances or fluctuations in a physical system, economy, or within a psychological context.

Milgram's Original Experiment

A psychological experiment conducted by Stanley Milgram, which investigated obedience to authority and ethical boundaries.

Maximum Intensity

The highest level or degree of strength, concentration, or force that a stimulus or an activity can reach.

Shocks

Sudden, unexpected events or disturbances that can cause significant changes or adverse effects in a system or organism.