Economics · International Trade Theories
Arrange the following contributions to trade theory in correct chronological order: (I) Heckscher-Ohlin factor endowment theorem (II) Ricardo's comparative advantage (III) Leontief Paradox (IV) Krugman's New Trade Theory
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1III → II → I → IV
- 2II → III → I → IV
- 3I → II → IV → III
- 4II → I → III → IV✓
Correct answer
II → I → III → IV
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