Economics · International Trade Theories
According to the Heckscher-Ohlin model, countries engage in trade because they differ in relative factor endowments. Under this model, which principle directly determines a country's specialization and trade pattern?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Terms of trade
- 2Absolute advantage
- 3Demand preference
- 4Factor abundance✓
Correct answer
Factor abundance
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