Economics · International Trade Theories
According to the Heckscher-Ohlin model, international trade occurs primarily because countries differ in their:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Labor productivities for all goods
- 2Military and institutional capabilities
- 3Relative endowments of factors of production✓
- 4Consumer preferences and tastes
Correct answer
Relative endowments of factors of production
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