Ask Question
BusinessBusiness
10 January, 11:45

What theory argues that free trade is beneficial, but that differences in factor endowments, not productivity, determine the pattern of international trade? Heckscher-Ohlin Leontief Ricardo Porter-Friedman

+2
Answers (1)
  1. 10 January, 12:10
    0
    The correct answer is letter "A": Heckscher-Ohlin.

    Explanation:

    Named after Swedish economists Eli Heckscher (1879-1952) and Bertil Ohlin (1899-1979), the Heckscher-Ohlin theory states that countries should focus their efforts on producing and exporting those goods they are good at manufacturing and they should import the goods they struggle in making. The concept is based on both the productivity and non-productivity of nations and their best bequests.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What theory argues that free trade is beneficial, but that differences in factor endowments, not productivity, determine the pattern of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Pavers Inc. contracts to buy some heavy equipment from Earthmovers, Inc. Before either party performs, Earthmovers sells its assets to Excavation Corporation. On learning of the sale, Pavers is concerned about its contract with Earthmovers.
Answers (1)
Allowance for Doubtful Accounts has a debit balance of $1,100 at the end of the year (before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $12,900.
Answers (1)
Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis? a) The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement.
Answers (1)
Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolving decision-making unit that includes the top of the organization, a long time to decision, extensive information search
Answers (1)
Is there a limit to the debt ratio's value? (select the best choice below.) a. theoretically, the debt ratio cannot exceed 90 %. in practice, few creditors would extend loans to companies with exceedingly high debt ratios (greater than 70 % ). b.
Answers (1)
New Questions in Business
Many cooks view butter and margarine to be substitutes. if the price of butter rises, then in the market for margarine:
Answers (1)
Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows: Direct materials $30,000 Direct labor 38,000 Variable factory overhead 8,000 Fixed factory overhead 40,000 Variable
Answers (1)
True or false? adults are categorized as those ages 25-64.
Answers (2)
Agnes sold 50 shares of ABC stock to her son, Steve, in year 4 for $42,000. She bought the stock eight years ago for $50,000. Steve sold the stock to an unrelated party in year 6 for $60,000.
Answers (1)
Denim Supply Inc. does not feel the pressure to create custom jeans for any of its markets around the world, but it does want to focus on cost reductions. What strategy should this company consider using to achieve this?
Answers (1)
Home » Business » What theory argues that free trade is beneficial, but that differences in factor endowments, not productivity, determine the pattern of international trade? Heckscher-Ohlin Leontief Ricardo Porter-Friedman
Sign Up Forgot Password?