Multiple Choice
According to Ohlin, the comparative cost differences arise because of
A) Labour cost differences
B) Factor endowment differences
C) Exchange rate differences
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: According to Adam Smith, diversification of labour
Q16: Adam Smith favoured<br>A)Free trade among nations<br>B)Regulation of
Q17: David Ricardo believed that the international trade
Q18: The price criterion if the H-O theory
Q19: The basics and gains from international trade
Q20: Heckscher-Ohlin theory of trade is based on<br>A)Two-by-two-by-two
Q21: According to Ricardo, trade is possible between
Q23: Which of the following is the cause
Q24: According to Adam Smith, free trade is
Q25: The Absolute Advantage theory of international trade