Which Theory Suggests That Factor (Resource) Endowments Determine a Nation's

question 34

Multiple Choice

Which theory suggests that factor (resource) endowments determine a nation's comparative advantage?

• A) the Linder theory
• B) the product life cycle theory
• C) the MacDougall theory
• D) the Heckscher-Ohlin theory

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus after it has been repeatedly associated with an unconditioned stimulus.

Behavioral Perspective

An approach in psychology that focuses on observable behaviors, emphasizing the effects of learning and environment on actions.

Observable Changes

Observable changes refer to alterations or differences in an object's or individual's state that can be perceived or measured directly.

Mental Activities

The range of cognitive operations and processes that take place within the human mind, such as thinking, understanding, learning, and remembering.