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Which of the following statements is true of case law?
Heckscher-Ohlin Theory
An economic theory stating that countries will export products that utilize their abundant and cheap factor(s) of production and import products that require resources that are rare or expensive domestically.
Factor Endowments
The quantities of various resources a country possesses, which can affect its comparative advantage in international trade.
Free-Trade Theories
Economic theories advocating for the elimination of barriers to the exchange of goods and services between nations, to encourage trade and economic growth.
Mercantilism
A trade theory which suggests that trade generates wealth for a country with a trade surplus, with emphasis on colonization and military conquest.
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