According to the Heckscher- Ohlin Theory, National Comparative Advantages Exist

question 6

Multiple Choice

According to the Heckscher- Ohlin theory, national comparative advantages exist because of

• A)differences in saving and investment.
• B)differences in national factor endowments.
• C)international factor mobility.
• D)economies of scale.
• E)differences in climate alone.

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Definitions:

Illness

A condition of poor health perceived or felt by an individual, often characterized by disease or ailment.

Imaginary Audience

Type of thought common to adolescents in which young people believe that other people are just as concerned about the adolescent’s thoughts and characteristics as they themselves are.

Personal Fable

Type of thought common to adolescents in which young people believe themselves to be unique and protected from harm.

Imaginary Audience

A social psychological concept where an individual imagines and believes that multitudes of people are enthusiastically listening or watching them.