According to the Heckscher-Ohlin Theory, the Pattern of International Trade

question 87

Multiple Choice

According to the Heckscher-Ohlin theory, the pattern of international trade is determined by differences in

• A) labor productivity.
• B) diminishing returns.
• C) factor endowments.
• D) management practices.
• E) trade barriers.

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Definitions:

Property

Assets or possessions that belong to an individual or entity, encompassing both physical objects and legal rights.

Preponderance

In legal terms, the standard of proof that must be met to win a civil case, where the evidence must weigh more in favor of one side than the other.

Evidence

Information or objects presented in court to persuade the judge or jury of an argument's validity.

Proof

Evidence or argument establishing a fact or the truth of a statement.