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    Match List I with List IIList I: Authors of Trade TheoryList II: Name of Theory(A) Steffan Linder(I) Product Life Cycle Theory (B) Raymond Vernon (
    Question

    Match List I with List II

    List I: Authors of Trade Theory
    List II: Name of Theory
    (A) Steffan Linder
    (I) Product Life Cycle Theory
    (B) Raymond Vernon
    (II) Country Similarity Theory
    (C) Heckscher-Ohlin
    (III) Absolute Advantage Theory
    (D) Adam Smith
    (IV) Factor Proportion Theory

    Choose the correct answer from the options given below:

    A.

    (A)-(IV), (B)-(III), (C)-(II), (D)-(I)

    B.

    (A)-(II), (B)-(I), (C)-(IV), (D)-(III)

    C.

    (A)-(I), (B)-(III), (C)-(IV), (D)-(II)

    D.

    (A)-(III), (B)-(II), (C)-(I), (D)-(IV)

    Correct option is B

    · Steffan Linder proposed the Country Similarity Theory, which explains trade between countries with similar economic structures.
    · Raymond Vernon developed the Product Life Cycle Theory, explaining how products evolve from innovation to standardization.
    · Heckscher-Ohlin introduced the Factor Proportion Theory, stating that countries export goods that utilize their abundant resources.
    · Adam Smith formulated the Absolute Advantage Theory, emphasizing that nations should produce goods in which they are most efficient.

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