In the Heckscher-Ohlin Model, Countries Are Assumed to Differ Only

question 51

Multiple Choice

In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their

• A) factor endowments.
• B) tastes and preferences.
• C) available technologies.
• D) factor productivities.
• E) physical size.

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Definitions:

Central Route

A method of persuasion that involves thoughtful consideration of the arguments and evidence presented.

Role Playing

An educational or therapeutic technique in which individuals act out roles in particular scenarios to understand those situations or practice responding to them.

Fundamental Attribution Error

The bias of attributing others' actions to their character or personality while underestimating situational influences.

College Test

An examination or assessment given in a college setting to measure students' knowledge, skills, or abilities in a particular subject area.