Question

1. According to the modern theory of international trade,
responsible for international trade.
(a) Factors endowments (b) Labour
(C) Money
(d) None of these​

Answer 1

Answer:

b and c are the answers of your question

but more is money

you will go with option ( c)

Explanation:

please give me as brainlist

Answer 2

Answer:

(a) Factors endowments

Explanation:

(a) Factors endowments

Is the correct answer of this question.

Modern International Trade Theory (Gains and Their Distribution) ADVERTISEMENTS: The global equilibrium theory of value is an extension of the current theory of international commerce. Bertil Ohlin, a Swedish economist, proposed this idea, which has now supplanted the old comparative cost hypothesis.

According to contemporary theory, commerce between two nations happens only when their factor endowments differ. This indicates that no commerce would take place between nations with equivalent factor endowments. However, even with similar factor endowments, international commerce occurs.

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