According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.

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Question:According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.

1.Gold Theory

2.Ricardo Theory

3.Mercantilism

4.Hecksher Theory

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  1. According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
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