Question 3b-2 The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries: Economies of large-scale production. Relative abundance of various resources. Relative costs of labour.
Question 3b-2 The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries: Economies of large-scale production. Relative abundance of various resources. Relative costs of labour.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 1SCQ: True or False: The source of comparative advantage must be natural elements like climate and mineral...
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![QUESTION 5
Question 3b- 2
The Heckscher-Ohlin theory explains comparative
advantage as the result of differences in countries:
O Economies of large-scale production.
O Relative abundance of various resources.
O Relative costs of labour.
O Transportation costs.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdd80c774-faa2-458d-a658-9040996387a0%2F23c9bac5-6c7c-4c89-98d3-31439b36d8ad%2Fuprlrk8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 5
Question 3b- 2
The Heckscher-Ohlin theory explains comparative
advantage as the result of differences in countries:
O Economies of large-scale production.
O Relative abundance of various resources.
O Relative costs of labour.
O Transportation costs.
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