Ask Question
8 November, 16:21

Which of the following is NOT a proposition of the Heckscher-Ohlin model? Countries will completely specialize in the product in which they have a comparative advantage if free trade is allowed to occur. If the United States is a skilled labor abundant country, then the United States has a comparative advantage in the production of goods that use skilled labor more intensively. The effect of international trade is to tend to equalize factor prices between the trading nations. A country has a comparative advantage in the production of that commodity which uses more intensively the country's more abundant resource.

+2
Answers (1)
  1. 8 November, 16:28
    0
    Countries will completely specialize in the product in which they have a comparative advantage if free trade is allowed to occur. (first choice)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is NOT a proposition of the Heckscher-Ohlin model? Countries will completely specialize in the product in which they ...” 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