Heckscher-Ohlin theory of trade is based on
A)Two-by-two-by-two model
B)Three-by-three-by-three model
C)Four-by-four-by-four model
D)All of the above

Name: Heckscher-Ohlin theory of trade is based on A)Two-by-two-by-two model B)Three-by-three-by-three model C)Four-by-four-by-four model D)All of the above
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Question

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The Heckscher-Ohlin theory of trade is based on a two-by-two-by-two model, which means it considers two countries, producing two goods, using two factors of production.

Heckscher-Ohlin Theory of Trade Is Based on