Empirical Support for the Heckscher- Ohlin Model Was Weakest When

question 25

Multiple Choice

Empirical support for the Heckscher- Ohlin model was weakest when the study applied

• A)all of the assumptions of the model except those regarding shipping costs.
• B)all of the assumptions of the model except those regarding technology,shipping costs and gravity.
• C)all of the assumptions of the model except those regarding technology,goods and shipping costs.
• D)all of the assumptions of the model except that regarding technology.
• E)all of the assumptions of the model.

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Definitions:

Processing Facilities

Locations or sites equipped with machinery and technology for treating or handling materials or goods.

Specific Task

A particular or assigned piece of work that is meant to be completed within a set framework or instructions.

Agency

A relationship where one party (the agent) is authorized to act on behalf of another (the principal) in legal or business matters.

Third Parties

Entities not primarily involved in a transaction or legal contract but who may be affected by it or have interests in its outcome.