Which of the Following Two Theories Justify Some Limited and Selective

question 78

Multiple Choice

Which of the following two theories justify some limited and selective government intervention to support the development of certain export-oriented industries?

• A) The theory of national competitive advantage and the Heckscher-Ohlin theory
• B) The theory of absolute advantage and the new trade theory
• C) The Heckscher-Ohlin theory and theory of comparative advantage
• D) The theory of mercantilism and the Heckscher-Ohlin theory
• E) The new trade theory and theory of national competitive advantage

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Definitions:

Ethical

Relating to moral principles or the branch of knowledge dealing with these, often guiding conduct in personal and professional contexts.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors, thoughts, and patterns of social interaction.

Pleasure Principle

A concept in psychoanalytic theory that seeks immediate gratification of needs and desires without consideration for the moral or societal constraints.

Moral Conscience

An inner sense of right and wrong that guides a person's beliefs and actions.