Which of the Following Is NOT a Proposition of the Heckscher-Ohlin

question 41

Multiple Choice

Which of the following is NOT a proposition of the Heckscher-Ohlin model?

• A)A country has a comparative advantage in the production of that commodity which uses more intensively the country's more abundant resource.
• B)The effect of international trade is to tend to equalize factor prices between the trading nations.
• C)If the United States is a skilled labor abundant country, then the United States has a comparative advantage in the production of goods that use skilled labor more intensively.
• D)Countries will completely specialize in the product in which they have a comparative advantage if free trade is allowed to occur.

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Natural Rights

Fundamental rights believed to be inherent to humans, independent of any government or social system, often including life, liberty, and the pursuit of happiness.

Lincoln-Douglas Debates

A series of seven debates in 1858 between Abraham Lincoln and Stephen A. Douglas focusing on the issue of slavery in American territories.

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Illinois

A state located in the Midwestern region of the United States, known for its diverse economic base and as being home to the city of Chicago.