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81.

Adam Smith's views on world trade can be best understood if one considers them as a reaction to:

A.	The mercantilist approach to trade	B.	Ricardo's views on trade
C.	The labour theory of value	D.	None of the above

82.

What proportion of international trade is based on absolute differences in costs of production?

A.	All	B.	Substantial
C.	Very little	D.	Nil