The Heckscher-Ohlin Theory Is Often Referred to as the Factor-Endowment

question 49

True/False

The Heckscher-Ohlin theory is often referred to as the factor-endowment theory.

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Definitions:

Counteroffer

An offer made in response to another offer, differing in terms by which the original offer was changed or rejected.

Accept the Offer

The act of agreeing to the terms and conditions of a proposal, such as a contract, thereby creating a binding agreement between the parties involved.

Revoked

To officially cancel or annul an authorization, license, or legal agreement.

Unequivocal

Leaving no doubt; unambiguous or clear in expression or meaning.