Substantial exporter of agricultural goods

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Reference no: EM131848187

1. The country of Dalima has long been a substantial exporter of agricultural goods, reflecting its unusual abundance of arable land; in contrast, its continental neighbor, Bundeeza, has excelled in the export of goods produced in labor-intensive manufacturing industries. The export policies of the two countries is best explained by

mercantilism.

theory of absolute advantage.

Heckscher-Ohlin theory.

theory of comparative advantage.

2. All of the following are shortcomings of the current WTO – led world trading system, except: Anti-dumping regulations Agricultural subsidies Communist countries reluctance to trade IP protection issues

Reference no: EM131848187

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