The Heckscher-Ohlin and New Trade Theories Explains Most of the Trade

question 2

Multiple Choice

The Heckscher-Ohlin and new trade theories explains most of the trade:

• A)among advanced countries
• B)between developed and developing countries
• C)in industrial goods
• D)all of the above

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Definitions:

Groundwater

the water present beneath Earth's surface in soil pore spaces and in the fractures of rock formations.

Lakes

Bodies of freshwater or sometimes saline water occupying large depressions on the Earth's surface, often fed by rivers or streams.

Ice Caps

Large areas covered with ice that are smaller than ice sheets, found in polar and subpolar regions, significantly affecting the regional climate.

Groundwater

Water that fills the cracks and spaces in underground soil and rock layers, supplying wells and springs.