New Trade Theory and the Heckscher-Ohlin Theory Are in Complete

question 65

True/False

New trade theory and the Heckscher-Ohlin theory are in complete agreement with regard to world trade patterns.

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Definitions:

Demographic Transition Theory

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Crude Death Rate

The measure of the number of deaths in a given population, usually expressed as the number of deaths per 1,000 individuals per year.

Crude Birth Rate

A demographic measure representing the number of live births per 1,000 people in a population within a given year.

Capital Accumulation

The process of acquiring additional assets or wealth, particularly for reinvestment with the aim of generating further economic growth.