All of the following theories show why it is beneficial for a country to engage in international trade even for products it is able to produce for itself, except:. 1. Comparative advantage 2. Mercantilism 3. Absolute advantage 4. Heckscher-Ohlin

Mercantilism

Explanation:

Mercantilism is associated with policies which restrict imports.

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. A country should trade in goods for which it has comparative advantage.

A country has absolute advantage in the production of a good or service If it produces more quantity of the good when compared with other countries .

The Heckscher-Ohlin model is an economic theory that suggests that countries should export what they can efficiently produce.

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