True/False
Both the Ricardo model of comparative advantage and the Heckscher-Ohlin theory assert that trade patterns are largely the result of differences in endowments of factors of production.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: According to the product-life-cycle theory, the last
Q2: The Leontief Paradox suggested that, in contrast
Q4: Dynamic comparative advantage refers to the creation
Q5: Which term best applies to the theory
Q6: The Heckscher-Ohlin theory assumes that _ is
Q7: The Linder theory asserts that countries with
Q8: Canada simultaneously exports and imports automobiles.This is
Q9: According to the product life cycle theory,
Q10: According to the theory of intra-industry trade,
Q11: The trade model of the Swedish economists