Empirical Support for the Heckscher-Ohlin Model Was Weakest When the Study

question 52

Multiple Choice

Empirical support for the Heckscher-Ohlin model was weakest when the study applied

• A) all of the assumptions of the model.
• B) all of the assumptions of the model except that regarding technology.
• C) all of the assumptions of the model except those regarding technology, goods and shipping costs.
• D) all of the assumptions of the model except those regarding technology, shipping costs and gravity.
• E) all of the assumptions of the model except those regarding shipping costs.

Know methods for making the price of a product or service more acceptable in sales messages.

Apply the concept of the central selling point in persuasive messages.

Comprehend the structure and strategy behind claim and adjustment messages.

Be aware of strategies to prompt immediate action in sales messages.

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Definitions:

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production and trade.

Consumer Market

A marketplace for goods and services that are purchased for personal, family, or household use.

Manufacturing Base

The sector of an economy that is involved in the production of goods in large quantities, utilizing labor and machines.