Briefly Explain the Major Argument of the Factor Endowment Trade

question 30

Essay

Briefly explain the major argument of the factor endowment trade theory.

---

Definitions:

Rational Choice

A theory in economics and sociology that stipulates individuals always make prudent and logical decisions that provide them with the greatest benefit or satisfaction.

Life Expectancy

The average age at death of the members of a population.

Infectious Diseases

Diseases caused by pathogenic microorganisms, such as bacteria, viruses, parasites, or fungi, that can be spread directly or indirectly from one person to another.

Emotional Investment

The extent of emotional effort and attachment one places in a relationship, activity, or goal, affecting their motivation and attitudes.