Which of the Following Predicts That Countries Will Export Those

question 66

Multiple Choice

Which of the following predicts that countries will export those goods that make intensive use of factors that are locally abundant,while importing goods that make intensive use of factors that are locally scarce?

• A)mercantilism
• B)theory of absolute advantage
• C)Heckscher-Ohlin theory
• D)theory of comparative advantage
• E)Samuelson's critique

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Definitions:

Predict

To declare or indicate in advance; especially to infer future events or outcomes based on current or past information.

Explain

To clarify something by explaining or providing information about it.

Describe

To give a detailed account in words of someone or something, including all the relevant characteristics, qualities, or events.

Control

In experiments, a standard against which the effect of a variable is compared or the ability to direct and manage outcomes or influences.