82One of the Drawbacks of the Heckscher-Ohlin Theory,even Though It

question 53

Multiple Choice

82.One of the drawbacks of the Heckscher-Ohlin theory,even though it makes sound theoretical sense,is that:

• A)it does not explain the differences in national factor endowments.
• B)it argues that comparative advantage arises from differences in the countries' labor productivity.
• C)it lacks common sense appeal.
• D)it is a relatively poor predictor of real-world international trade patterns.

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Definitions:

Project Management

The application of processes, methods, skills, knowledge, and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.

Available Resources

Refers to the tools, personnel, time, and other assets that are accessible and can be utilized to achieve project objectives.

Risk Mitigation

Strategies and approaches used to reduce or control the probability and impact of negative events or risks on a project.

Risk Transfer

The strategy of passing financial risk from one party to another, often through the use of insurance or outsourced contracts.