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27 Oct 2018

List and extensively discuss the classical and modern theories of trade.

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Hubert Koch
Hubert KochLv2
29 Oct 2018

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Principles of Economics
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ISBN: 9781947172364
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Related questions

Why was the book principles of economics written?
 
a) To outline how the American economy would be managed in the future.
b) To create and shape modern macroeconomics.
c) To discuss how America could become a successful economy after World War II.
d) To connect the classical and modern economic theories.

                   

discuss the following views concerning the impact of monetary policy: classical, keynesians, monetarists, "modern view."

Which of the following is not a reason for the development of modern​ firm-based trade​ theories?

A. Recognition of the growing importance of MNCs in the postwar international economy.
B. The recognition that​ countries, not​ firms, are the agents for international trade.
C. Firm-based theories incorporate factors such as​ quality, technology, brand​ names, and customer loyalty into explanations of trade flows.
D. The inability of the country based theories to explain and predict the existence and growth of Intra-industry trade.

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