Examlex
In which of the following theories does modernization theory have roots?
Heckscher-Ohlin Model
An economic theory that proposes that countries will export goods that make intensive use of the factors of production that they have in abundance.
Unskilled Labor
Workforce that has no special training or education and typically involves manual labor with simpler tasks.
Skilled Labor
Workers who have specialized training or skills, often acquired through education or extensive job experience.
Heckscher-Ohlin Model
An economic theory that suggests that countries export what they can most efficiently and abundantly produce, based on their factors of production.
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