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Most Economists,according to the Textbook,prefer the Heckscher-Ohlin Theory to Ricardo's

Question 28

Multiple Choice

Most economists,according to the textbook,prefer the Heckscher-Ohlin theory to Ricardo's theory (i.e.comparative advantage) because which of the following two factors?


A) It makes fewer simplifying assumptions and it has been subjected to many empirical tests
B) It has been subjected to many empirical tests and it has stood the test of time
C) It makes fewer simplifying assumptions and it has been acknowledged by the World Trade Organization as the better of the two theories
D) It has been acknowledged as the better of the two theories by the World Trade Organization, and it has stood the test of time
E) Ricardo's theory is almost 200 years old, while Heckscher-Ohlin's theory is quite modern

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