Answered: The trade theory that says a country…

The trade theory that says a country should export more than its imports is known as import substitution .a mercantilism .b comparative advantage .c absolute advantage .d

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The trade theory that says a country
should export more than its imports is
known as
import substitution .a
mercantilism .b
comparative advantage .c
absolute advantage .d
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