Multiple Choice
The Heckscher-Ohlin theory predicts that countries will
A) export those goods that make intensive use of factors that are locally scarce.
B) export those goods that make intensive use of factors that are locally abundant.
C) import those goods that make intensive use of factors that are locally abundant.
D) import those goods that make intensive use of factors that are available worldwide.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Resources always move easily from one economic
Q41: _ refers to a situation where a
Q42: If foreigners suddenly reduced their investments in
Q43: Country X, a poor country, invents a
Q44: What will happen, according to Paul Samuelson's
Q46: Diminishing returns show that it is feasible
Q47: Factor endowments refer to the extent to
Q48: XYZ Toys manufactures and sells small quantities
Q49: The variety of goods that a country
Q50: Porter argues that a nation's firms gain