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State the theories of: 11. Smith, 12. Ricardo, 13. Heckscher-Olin, 14. Porter,

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Economics

State the theories of:
11. Smith,
12. Ricardo,
13. Heckscher-Olin,
14. Porter,

Answer & Explanation Solved by verified expert
4.2 Ratings (783 Votes)
11 THEORY OF SMITH According to theory under free and unregulated trade a nation should specialize in producing those goods it could produce most efficiently The capability of a nation to produce more of a good with the same amount of input than another country According to Smith wealth    See Answer
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