The Heckscher-Ohlin theorem predicts that if a country has abundant labor, it should specialize in producing labor-intensive products.

Question

Quizplus · Accepted Answer

The Heckscher-Ohlin theorem suggests that a country will specialize in and export goods that require resources (factors of production) that are abundant domestically. Therefore, a country with abundant labor will specialize in producing labor-intensive products.

The Heckscher-Ohlin Theorem Predicts That If a Country Has Abundant