Countries that trade based on the Heckscher-Ohlin model will find that:
A) their import goods tend to utilize their relatively scarce factors of production most intensively.
B) the goods they export tend to use their relatively scarce factors of production most intensively.
C) countries with a relative abundance of capital will export goods that use labour intensively.
D) the concept of absolute advantage determines which goods they should export and import.
Correct Answer:
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Q241: Use the following to answer question:
Q245: Use the following to answer question:
Q247: Use the following to answer question:
Q250: Use the following to answer question:
Q250: Comparative advantage arises from:
A) differences in climate,factor
Q254: Use the following to answer question:
Q255: Use the following to answer question:
Q255: Workers in China earn low wages relative
Q257: The World Trade Organization:
A)oversees trade agreements.
B)is an
Q258: The belief that importing goods from low-wage
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