The Heckscher-Ohlin Theory ________ in Explaining Why Some Countries Export

question 7

Multiple Choice

The Heckscher-Ohlin theory ________ in explaining why some countries export oil while others export textiles.

• A) emphasizes the interplay between the proportions in which the factors of production (such as land, labour, and capital) are available in different countries
• B) emphasizes international differences in labour productivity
• C) emphasizes international differences in intellectual capital
• D) emphasizes international differences in cultural histories
• E) emphasizes the difference in living standards of consumers

---

Definitions:

Homeless

The state of having no stable or permanent place to live.

Social Traps

Situations wherein individuals or groups make decisions that are rational and beneficial short-term but lead to negative outcomes in the long-term for the individual or collective.

Psychologists

Professionals in the field of psychology who study mental processes and behavior in humans and animals.

Awareness

The state of being conscious of something, including feelings, perceptions, or facts.