Which theory predicts that countries will export those goods that make intensive use of factors that are locally abundant,while importing goods that make intensive use of factors that are locally scarce?

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The Heckscher-Ohlin theory predicts that countries will specialize in and export goods that make intensive use of factors that are locally abundant (such as labor or natural resources), while importing goods that make intensive use of factors that are locally scarce. This is also known as factor price equalization, as countries will tend to have similar factor prices due to trade.

Which Theory Predicts That Countries Will Export Those Goods That