The model that suggests countries will specialize in producing the good that uses its relatively abundant factor of production most intensively is referred to as the:
A.Heckscher-Ohlin model.
B.absolute advantage model.
C.sweatshop labor model.
D.pauper labor fallacy model.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q222: Mexico has an abundance of unskilled labor
Q223: The Heckscher-Ohlin model cannot explain United States-Mexico
Q236: Suppose in a single year, Brazil can
Q237: Q240: Since the production of clothing is labor-intensive Q243: Within the context of the production possibility Q244: A country that is relatively labor-abundant and Q245: The use of comparative advantage in international Q246: Suppose a nation has freely imported sugar Q249: Comparative advantage arises from:![]()
A)differences in climate,factor endowments,and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents