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Match the List II with List IIList I: TheoryList II: Author(s)A. Theory of Comparative Cost Advantage I. Heckscher & OhlinB. Theory of Opportunity
Question

Match the List II with List II

List I: Theory
List II: Author(s)
A. Theory of Comparative Cost Advantage
I. Heckscher & Ohlin
B. Theory of Opportunity Cost
II. David Ricardo
C. Theory of Factor Endowment
III. Haberler
D. Theory of Absolute Advantage
IV. Adam Smith

Codes:

A.

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

B.

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

C.

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

D.

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

Correct option is A

Based on the image, here is the correct match between the theories and their respective authors:
· A. Theory of Comparative Cost Advantage: The author of the Theory of Comparative Cost Advantage is David Ricardo. Hence, A-II.
· B. Theory of Opportunity Cost: This theory is associated with Haberler the correct match is B-III 
· C. Theory of Factor Endowment: This theory is associated with Heckscher & Ohlin, hence C-I.
· D. Theory of Absolute Advantage: The author of Theory of Absolute Advantage is Adam Smith. Hence, D-IV.
Thus, the correct answer is: (a) A-II, B-III, C-I, D-IV.

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