The Republic of Argonia, owing to its vast resources of arable land and fresh water, is an agrarian nation
It exports agricultural products and in turn imports products that it does not produce such as oil, machinery, computers, and electronic devices. The result is that it spends more on imports than it gains from exports. Which of the following theories prohibits such international trade?
A. New trade theory
B. Product life-cycle theory
C. Mercantilism
D. Heckscher-Ohlin theory
E. Theory of national competitive advantage
C
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lowest to highest return)? A) Treasury bills, common stocks, long-term corporate bonds, long-term government bonds B) Treasury bills, long-term government bonds, long-term corporate bonds, common stocks C) common stocks, long-term government bonds, long-term corporate bonds, Treasury bills D) long-term corporate bonds, Treasury bills, long-term government bonds, common stocks