In the 2-Factor, 2-Good Heckscher-Ohlin Model, the Two Countries Differ

question 37

Multiple Choice

In the 2-factor, 2-good Heckscher-Ohlin model, the two countries differ in

• A) tastes and preferences.
• B) military capabilities.
• C) the size of their economies.
• D) relative abundance of factors of production.
• E) labor productivities.

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Definitions:

Macrosystem

A term in ecology and sociology referring to the broadest level of the environment, encompassing cultural values, laws, and societal norms.

Exosystem

A concept in ecological systems theory referring to the larger social systems that indirectly influence an individual, such as community structures or governmental policies.

Mesosystem

In ecological systems theory, the mesosystem refers to the interactions between different microsystems, like the relationship between a child's home and school environment.

Macrosystem

The largest and most remote set of people and places to a person that still exercises a significant influence on them, according to ecological systems theory.