Eli Heckscher and Bertil Ohlin Are Associated with the Theory

question 135

Multiple Choice

Eli Heckscher and Bertil Ohlin are associated with the theory of comparative advantage that stresses differences in:

• A) Income levels among countries
• B) Tastes and preferences among countries
• C) Resource endowments among countries
• D) Labor productivities among countries

---

Definitions:

MBA Programs

Masters of Business Administration programs, advanced degrees focusing on business management, leadership, and specialized areas of study.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period, used in capital budgeting to assess the profitability of an investment.

Tuition

The fee charged by educational institutions for instruction and training services.

Monopolist

A monopolist is a market participant that has exclusive control over the supply of a particular good or service, setting prices without competition.