Classical Theories of International TradeInternational EconomicsChapter 1Chapter 1 Classical Theories of International Traden 1.1 Mercantilismn 1.2 Trade Based on Absolute Advantage: Adam Smithn 1.3 Trade Based on Comparative Advantage: David Ricardon 1.4 Comparative Advantage and Opportunity Costn 1.5 Comparative Advantage with More Than Two Commodities and Countriesn 1.6 Theory of Reciprocal Demandn 1.7 Offer Curve and Terms of Trade1.1 Mercantilismn The mercantilists advocated government regu
