Which of the Following Statements Is TRUE

question 93

Multiple Choice

Which of the following statements is TRUE?

• A)The Heckscher­Ohlin model offers a reasonable explanation of the pattern of trade and the gains from
• Trade.
• B)The Heckscher­Ohlin trade model does not offer an explanation of the pattern of trade.
• C)The Heckscher­Ohlin trade model does not offer an explanation of the gains from trade.
• D)The Riparian trade model (with labor as the only input) offers a better explanation of the pattern of trade and the
• Gains from trade than the Heckscher­Ohlin model.

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Definitions:

Georgia

A state located in the southeastern region of the United States known for its diverse landscapes from mountains to beaches, and its rich history and cultural heritage.

Second Seminole War

A conflict from 1835 to 1842 in Florida between the United States and the Seminole Native American tribe, marking the longest and most costly of the Indian Wars in American history.

Seminoles

A Native American people originally from Florida, known for their resistance against US forces in the Seminole Wars.