Which theory listed below is also called the Heckscher-Ohlin theory?
A) relative advantage
B) comparative advantage
C) factor proportions theory
D) specialization of countries

Question

Quizplus · Accepted Answer

The theory commonly known as the Heckscher-Ohlin theory is also sometimes referred to as the factor proportions theory, which states that countries will export goods that use their abundant factors of production and import goods that use their scarce factors of production.

Which Theory Listed Below Is Also Called the Heckscher-Ohlin Theory