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Economics

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SYNTHETIC TRADE THEORIES

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Mercantilism. Developed in the sixteenth century, mercantilism. ...
Absolute Advantage. In 1776, Adam Smith questioned the leading mercantile theory of the time in The Wealth of Nations. ...
Comparative Advantage. ...
Heckscher-Ohlin Theory (Factor Proportions Theory) ...
Leontief Paradox

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