The ________ Theory Argues That the Pattern of International Trade

question 79

Multiple Choice

The ________ theory argues that the pattern of international trade is determined by differences in factor endowments.

• A) comparative advantage
• B) Leontief Paradox
• C) Heckscher-Ohlin
• D) absolute advantage

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Definitions:

Crops

Cultivated plants or agricultural produce, such as grains, vegetables, or fruits, grown for food, fuel, feed, or fiber.

Tubing

Hollow cylinders made from various materials used for transporting fluids, gases, or as structural components in different applications.

Diagram

represents a simplified drawing or plan that demonstrates the arrangement or workings of something, often using symbolic representations.

Wise Use

An approach emphasizing sustainable and judicious use of natural resources to balance ecological and human needs.