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:

Legitimacy

The perception or recognition as valid, acceptable, or justified according to established rules, standards, or values.

Dominant Stakeholder

A key entity or individual who has significant influence or control over the decisions and direction of a project or organization.

Power

The ability or capacity to influence the behavior of others or the course of events, often through the possession of knowledge, wealth, or connections.

Legitimacy

The general perception or recognition that an entity's actions are desirable, proper, or appropriate within some socially constructed system of norms, values, beliefs, and definitions.