One of the Predictions of the HO Model Is That

question 39

Multiple Choice

One of the predictions of the HO model is that

• A)countries with different factor endowments but similar technologies and preferences will have a strong basis for trade with each other.
• B)countries will tend to specialize, but not completely, in their comparative advantage good.
• C)reciprocal demand leads to an equilibrium terms of trade by inducing changes in both demand and supply.
• D)All of the above.

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Definitions:

White-collar Criminals

Individuals who commit crimes within the context of their professional occupations, often involving fraud or embezzlement.

Deviance

Behaviors or actions that violate societal norms or values, leading to negative social reactions.

Employee Thieves

Individuals who steal from their place of employment, taking cash or goods without authorization, which is a form of workplace deviance.

Lower-class People

A socioeconomic group characterized by lower income, limited access to educational and professional opportunities, and often subject to systemic inequalities.