Multiple Choice
Which of the following is the reason most economists prefer Heckscher-Ohlin theory to Ricardo's theory?
A) Heckscher-Ohlin stresses the differences in productivity between nations.
B) Ricardo's theory considers factor endowments to describe national competitiveness.
C) Heckscher-Ohlin theory makes fewer simplifying assumptions.
D) Ricardo's theory considers the law of marginal returns.
Correct Answer:
Verified
Correct Answer:
Verified
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