What Does the Heckscher-Ohlin Model Attempt to Explain

question 33

Multiple Choice

What does the Heckscher-Ohlin model attempt to explain?

• A) comparative advantage based on endowment of the factors of production
• B) the benefits of trade due to comparative advantage
• C) the long-term effects of mercantilism
• D) the effect of tariffs on international trade
• E) the benefits of RTAs

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Definitions:

Amygdala

A region of the brain involved in experiencing emotions, notably fear and pleasure, and processing emotional memories.

Frontal Lobe

The part of the cerebral cortex covering the front part of the brain, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Agreeableness

A personality trait that involves attributes such as altruism, trust, kindness, affection, and other prosocial behaviors.

Circadian Rhythm

The internal biological clock that regulates approximately 24-hour cycles of various physiological processes, including sleep-wake patterns.