The _____ Theory Attributes the Comparative Advantage of a Nation

question 59

Multiple Choice

The _____ theory attributes the comparative advantage of a nation to its factor endowments.

• A) absolute advantage
• B) comparative advantage
• C) factor price
• D) Heckscher-Ohlin
• E) mercantilism

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Definitions:

Financial Advantages

Refers to the monetary benefits associated with a decision, investment, or policy.

Technical Skills

Specific abilities or expertise related to a particular field or industry, often requiring specialized knowledge or training.

Good Communicators

Individuals who effectively transmit and receive information, ideas, and feelings through verbal and non-verbal methods.