H-o Theory s based on value theory.
A)Partial
B)Semi-partial
C)General
D)Semi-General

Question

Quizplus · Accepted Answer

The Heckscher-Ohlin (H-O) theory is based on value theory and is considered a general theory because it provides a comprehensive framework for understanding the patterns of international trade. It explains trade by the differences in factor endowments among countries, suggesting that a country will export goods that make intensive use of the country's abundant factors and import goods that make intensive use of the country's scarce factors.

H-O Theory S Based on Value Theory