In the 2-Factor, 2-Good Heckscher-Ohlin Model, Trade Will ________ the Owners

question 48

Multiple Choice

In the 2-factor, 2-good Heckscher-Ohlin model, trade will ________ the owners of a country's ________ factor and will ________ the good that uses that factor intensively.

• A) benefit; abundant; export
• B) harm; abundant; import
• C) benefit; scarce; export
• D) benefit; scarce; import
• E) harm; scarce; export

---

Definitions:

Task Model

A conceptual or computational representation of the steps, processes, or actions involved in completing a specific task or objective.

Choice Reaction Time

The time it takes for an individual to respond to a stimulus when multiple responses are possible, indicating the speed of decision-making.

Lexical Decision

A task in cognitive psychology that involves deciding as quickly as possible whether a presented string of letters is a word or a non-word.

Crystallized Intelligence

The skill to utilize understanding and experiences that have been gained.