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[BUS419] The theory of _______________ argues that each nation should specialise in producing those goods it could produce most efficiently
absolute advantage

[BUS419] Modern day mercantilism is called _____________________
economic nationalism

[BUS419] _____________________ argued that under free unregulated trade, each nation should specialise in producing those goods it could produce most efficiently
Adam Smith

[BUS419] Merchantilism era ended in the late _____________________
1700s

[BUS419] _______________according to Ball et al (2002) is the sum of all the forces surrounding and influencing life and develop of the firm
Environment

[BUS419] __________________ contends only with domestic issues
Domestic business

[BUS419] The model was produced as an alternative to the Ricadian model of basic comparative advantage
Heckscher ohlin

[BUS419] __________ comprises of uncontrollable forces that have their roots in the home country and these influence the cycle and development of the firm
Demestic environment

[BUS419] _______________ consists of transactions that are devised and carried out across  national borders
International business

[BUS419] International trade in Nigeria includes________________________
export and import