The following are the various methods of protecting domestic industry except.
Tariff
Quotas
Exchange control
Exchange depreciation
The economist who based the comparative cost doctrine the relative factor endowments of the several countries involved was
David Ricardo
J.S. Mill
Adam Smith
Bertil Ohlin
The classical theory of comparative advantage is based on
The labour theory of value
Law of diminishing returns
Differences in language
Tariffs
GDP evaluated at prevailing current prices is known as _______________
GDP deflator
Real GDP
Nominal GDP
None of these
_________ are restriction on the maximum quatity of imports.
Administrative restrictions
