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Which trade theory was the earliest? Question 3 options: 1) Adam Smith's theory of absolute advantage 2) David Ricardo's theory of comparative advantage 3) Eli
Which trade theory was the earliest? Question 3 options: 1) Adam Smith's theory of absolute advantage 2) David Ricardo's theory of comparative advantage 3) Eli Heckscher and Bertil Ohlin's Hecksher-Ohlin theory 4) Paul Krugman's new trade theory
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