Which of the Following Is a Theory That Can Be

question 8

Multiple Choice

Which of the following is a theory that can be used to justify limited government intervention to support the development of certain export-oriented industries?

• A) Comparative advantage theory
• B) Ricardo's theory
• C) New trade theory
• D) Heckscher-Ohlin theory

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Definitions:

Probability

A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossibility) and 1 (certainty).

Notation P(A)

In probability theory, a notation representing the probability of event A occurring.

Precision

The quality of being exact, accurate, and carefully defined.