In the Heckscher- Ohlin model,countries are assumed to differ only in terms of their
A)factor productivities.
B)factor endowments.
C)tastes and preferences.
D)physical size.
E)available technologies.

Question

Quizplus · Accepted Answer

In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their factor endowments, which means the amounts of capital and labor they have available.

In the Heckscher- Ohlin Model,countries Are Assumed to Differ Only