Could you please check my answer is correct or not?

Question

1. A ratio showing the nation's exports and imports as a percentage of its GDP.

2. The process of greater interdependence among countries and their citizens.

3. Concerned with nation-building, regulating trade so as to promote its own self-interest.

4. Classical economist who promoted free trade on the grounds that it promoted the international

division of labor (the labor theory of value and principle of absolute advantage)

5. Developed the theory which became known as the principle of comparative advantage,.

6. The absence of trade.

7. Developed the theory of reciprocal demand.

8. The subcontracting of work to another company or the purchase of components for a product

rather than manufacturing them in order to save on production costs.

9. Swedish economists Heckscher and Olin's theory that factor (resource) endowments determine

a nation's comparative advantage.

Answer

1.openness

2.Globalization

3. Mercantilist

4.Adam Smith

5.David Ricardo

6. Autarky

7. John Stuart Mill

8. Outsourcing

9. Heckscher-Ohlin theory