The factor-proportions theory is a simplification of international trade between countries because it is explained using:
A) two countries.
B) two goods.
C) two factors of production.
D) all of the above
E) None of the above

Question

Quizplus · Accepted Answer

The factor-proportions theory simplifies international trade by focusing on two countries, two goods, and two factors of production, making it easier to understand the dynamics of trade.

The Factor-Proportions Theory Is a Simplification of International Trade Between