Which of the Following Predicts That Countries Will Export Those

question 79

Multiple Choice

Which of the following predicts that countries will export those goods that make intensive use of factors that are locally abundant, while importing goods that make intensive use of factors that are locally scarce?

• A)Mercantilism
• B)The theory of absolute advantage
• C)The Heckscher-Ohlin theory
• D)The theory of comparative advantage
• E)Samuelson's critique

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Definitions:

Traditional Nuclear Family

A family unit consisting of two parents (traditionally a male and female) and their biological or adopted children, living together as a household.

Egalitarian

Egalitarian refers to a belief in or practice of equal rights and opportunities for all people, opposing hierarchy and inequalities.

Permanent

Describes something that is intended to exist or last indefinitely without change, ending, or expiry.

Extended Family

Expands the nuclear family “vertically” by adding another generation—one or more of the spouses’ parents—to the household.