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DIRECTION for the question: Read the passage and answer the question based on it.
In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”
Q. The importance of foreign trade, in eyes of Hume, was due to that:
  • a)
    It allowed the employment of surplus labour in a nation
  • b)
    It allowed the diversion of labour to export oriented industries
  • c)
    It allowed the deeper specialization of the same labour force
  • d)
    It allowed varied application of labour force in a nation
  • e)
    It allowed application of varied labour force in a nation
Correct answer is option 'E'. Can you explain this answer?
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DIRECTION for the question: Read the passage and answer the question b...
Refer to line 2 (. . . . foreign trade was valuable because it enabled a nation to use more and more varied labour than would other wise be possible).
► Option 5 is, therefore, the right answer.
► Option 4 is ruled out because it is not ‘varied application’ but ‘application of varied labour force’.
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DIRECTION for the question: Read the passage and answer the question b...
Understanding Hume's Perspective on Foreign Trade
Hume viewed foreign trade as a pivotal element in enhancing a nation's economic capacity. His insights reflect a broader understanding of labor dynamics and commerce.

Key Reasons for the Importance of Foreign Trade:
- Varied Application of Labor Force:
Hume emphasized that foreign trade allows for a more diverse application of the labor force within a nation. This means that workers can engage in different types of production, thus optimizing their skills and increasing efficiency.
- Mutual Benefits:
In Hume's view, commerce is not a zero-sum game. The increase in trade and economic wealth in one nation positively influences neighboring countries, creating a network of mutual advantage. This interconnectedness fosters a thriving economic environment.
- Encouragement of Industry:
The competition among nations stimulates their respective industries. This emulation keeps the industry vibrant and innovative, benefiting all parties involved in international trade.
- Increased Riches for All:
Hume argued that the growth of commerce in one nation does not come at the expense of another; instead, it often enhances the wealth and trade opportunities for all nations involved.

Conclusion:
The correct answer (option 'E') underscores the significance of varied application of labor in a nation, which is a central theme in Hume's economic philosophy regarding foreign trade. This perspective highlights the importance of adaptability and diversity in labor utilization to bolster a nation's economic health.
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DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer?
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DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer?.
Solutions for DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer?, a detailed solution for DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer? has been provided alongside types of DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice DIRECTION for the question: Read the passage and answer the question based on it.In Hume’s eyes productive labour was the greatest asset of a country, and foreign trade was valuable because it enabled a nation to use more and more varied labour than would otherwise be possible. But commerce was of mutual advantage to the nations involved, not a benefit to one and injury to other. “The increase of riches and commerce in any one nation,” added Hume, “instead of hurting, commonly, promotes the riches and commerce of all its neighbours.” “The emulation in rival nations serves…to keep industry alive in all of them.”Q. The importance of foreign trade, in eyes of Hume, was due to that:a)It allowed the employment of surplus labour in a nationb)It allowed the diversion of labour to export oriented industriesc)It allowed the deeper specialization of the same labour forced)It allowed varied application of labour force in a natione)It allowed application of varied labour force in a nationCorrect answer is option 'E'. Can you explain this answer? tests, examples and also practice CAT tests.
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