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:

National Interest

National interest refers to the goals and ambitions of a nation considered essential for its physical, economic, and cultural well-being.

Media Regulation

Laws, rules, and guidelines that govern the operation, content, and impact of media organizations and platforms to ensure they serve the public interest.

Deregulation

Deregulation involves the reduction or elimination of government power in a particular industry, often with the intention of increasing competition and fostering innovation.

Free Market Principles

Economic policies and systems that rely on supply and demand free from government intervention to govern market operations.