Solved

The Heckscher­Ohlin Model Assumes That Technology in

Question 68

Multiple Choice

The Heckscher­Ohlin model assumes that technology in
Each industry:


A) Is the same in each nation-each firm has access to the most profitable technology.
B) has increasing returns so that one nation will be able to gain a comparative advantage by developing new
Technology.
C) is very different across the world-some nations have access to technology, whereas others do not.
D) is hard to access because R&D is very expensive especially for low­income nations.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions