The Heckscher-Ohlin Model Differs from the Ricardian Model of Comparative

question 50

Multiple Choice

The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former

• A) has only two countries.
• B) has only two products.
• C) has two factors of production.
• D) has two production possibility frontiers (one for each country).
• E) has varying wage rates.

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Definitions:

Rebellious

A behavior or attitude that opposes authority or societal norms, often expressed as a form of protest or a desire for independence.

Punished

The act of imposing a penalty or negative consequence on someone or something for unacceptable behavior or actions.

Basic Anxiety

A concept in psychoanalytic theory, describing feelings of insecurity and apprehension stemming from childhood experiences.

Affection

An emotional state characterized by feelings of fondness, warmth, and attachment towards others.