The Heckscher-Ohlin Theory Is Often Referred to As

question 32

Multiple Choice

The Heckscher-Ohlin theory is often referred to as:

• A)Factor-price equalization theorem
• B)Factor-proportions theory
• C)Factor-endowment theory
• D)Both b and c

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Definitions:

Channel Richness

Indicates the capacity of a channel to convey information.

Sense Of Security

A feeling of safety and stability that comes from believing that one is protected from harm and risk.

Grapevine

Transfers information through networks of friendships and acquaintances.

Ethnocentrism

The tendency to believe one’s culture and its values are superior to those of others.