One Way in Which the Heckscher-Ohlin Model Differs from the Ricardo

question 45

Multiple Choice

One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that ________ is (are) identical in all countries.

• A) factor endowments
• B) scale of production
• C) factor intensities
• D) technology
• E) opportunity costs

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Definitions:

Exact Interest

A precise calculation of interest accrual that adheres strictly to the actual number of days in the calendar year, often set at 365 or 366 days.

365-Day Year

A time reckoning method that accounts for all the days in a common, non-leap year, used in various financial and calendar calculations.

Total Amount

The complete value, sum, or quantity of something.

Ordinary Interest

interest calculated on a loan or investment based on a 360-day year, commonly used in banking and finance.