Skip to content
Question 26 of 29

Q.Which of the following is a Modern theory of International Trade ?

(a) Comparative cost
(b) Absolute cost
(c) Factor Endowment theory
(d) None of these
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2025MCQ· 1mImportance★★★★★
90% · 26/29 Questions
🔒 Locked · start free trial →

You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.

Start your 14-day free trial to unlock the full solution →

The Factor Endowment (Heckscher-Ohlin) theory is the modern theory of international trade — option (c).

In the Tamil Nadu HSC Class-12 Economics (International Economics) syllabus, theories of international trade fall into two groups:

  • Classical theories — Absolute Cost Advantage (Adam Smith) and Comparative Cost Advantage (David Ricardo). …

Unlock everything free for 14 days

  • Full step-by-step solutions
  • Concept-first explanations
  • Methods, shortcuts & mistakes
  • PYQ mapping + timed mock tests

Full access for 14 days. No credit card required.