The Heckscher-Ohlin Model Predicts All of the Following EXCEPT

question 32

Multiple Choice

The Heckscher-Ohlin model predicts all of the following EXCEPT

• A) that relative wages will tend to become equal in both trading countries.
• B) which factor of production within each country will gain from trade.
• C) which country will export which product.
• D) that trade increases a country's overall welfare.
• E) the volume of trade.

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Definitions:

Triaxial

Refers to a system or component operating or existing in three distinct axes simultaneously, often used in reference to joints or stress analysis.

Diarthrosis Joint

A type of synovial joint that permits a variety of movements, such as bending, extending, and rotation, exemplified by joints like the knee, elbow, and shoulder.

Hyperextension

An extension of a limb or part beyond its normal limit, which can potentially cause injury.

Popliteal Ligament

A strong, fibrous band of tissue connecting the femur to the tibia at the knee, crucial for knee joint stability.