Which Theory Suggests That a Country Should Export Those Goods

question 82

Multiple Choice

Which theory suggests that a country should export those goods and services for which it is more productive than other countries and import those goods and services for which other countries are more productive?

• A) mercantilism
• B) comparative advantage
• C) absolute advantage
• D) specialization of countries

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Definitions:

1980s

A decade characterized by significant political, technological, and cultural changes affecting global and local contexts.

Trait Approach

A theory of leadership that suggests leaders are born with certain traits or characteristics that predispose them to be successful leaders.

Leadership Definitions

Various explanations and interpretations of what leadership entails, reflecting different perspectives and emphases on the role and impact of leaders.

Leadership Effectiveness

The extent to which a leader is able to achieve desired results or objectives through the direction, motivation, and guidance of others.