The Heckscher-Ohlin Theory Explains Comparative Advantage as the Result of Differences

question 105

Multiple Choice

The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries':

• A) Economies of large-scale production
• B) Relative abundance of various resources
• C) Relative costs of labor
• D) Research and development

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Definitions:

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Denotes the Australian Accounting Standards Board Standard 101, prescribing the basis for presentation of general purpose financial statements to ensure comparability both with the entity's financial statements of previous periods and with the financial statements of other entities.