English, asked by ark713385, 1 month ago

Critically examine the modern theory of international trade.

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Answered by snehapatel4925

Answer:

The modern theory of international trade is an extension of the general equilibrium theory of value. ... Just as differences in individual capabilities are the cause of exchange between individuals, similarly differences in factor prices is the cause of international trade.

Answered by rajmanikumar01011989

The modern theory of international trade is an extension of the general equilibrium theory of value. ... Just as differences in individual capabilities are the cause of exchange between individuals, similarly differences in factor prices is the cause of international trade.

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