In the H-O Model,international Trade Is Based Mostly on a Difference

question 2

Multiple Choice

In the H-O model,international trade is based mostly on a difference in:

• A)technology
• B)factor endowments
• C)economies of scale
• D)tastes

---

Definitions:

Cisco

A global technology leader known for manufacturing networking hardware, telecommunications equipment, and other high-technology services and products.

Logistics Management

The coordination and optimization of the movement of goods and materials from origin to destination.

Cost-Effective

An economic term referring to the ability of a process or product to deliver greater benefits at lower costs, essentially offering good value for the amount spent.

Marketing Strategy

A process by which a business or organization devises a plan to reach and persuade potential customers to buy its products or services, often including the development of the product, pricing, distribution, and promotional tactics.