Question

The nation of Tazia exports agricultural products and in turn imports products that it does not produce such as computers and electronic devices. As a result, it spends more on imports than it gains from exports. Which perspective would frown on this form of international trade?
A. new trade theory
B. product life-cycle theory
C. mercantilism
D. Heckscher-Ohlin theory
E. theory of national competitive advantage

Answer 1

Answer:

mercantilism

Explanation:

It advocates trade policies that protect domestic industries.it helps to reduce trade deficit and create surplus.