When the Impact of Differences of Technology on Productivity Is

question 122

True/False

When the impact of differences of technology on productivity is controlled for, Heckscher-Ohlin theory gains predictive power.

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Definitions:

Positive Economics

The branch of economic study that focuses on objective analysis and descriptions of how economies work, without making value judgments.

Global Warming

The long-term rise in Earth's average temperature, primarily due to human activities like burning fossil fuels, which increases greenhouse gas levels in the atmosphere.

Empirical Measure

A quantitative measure based on observation and experimentation, as opposed to theoretical analysis.

Variable

An element, feature, or factor that is liable to vary or change; in scientific experiments, it’s something that is controlled or manipulated to test hypotheses.