Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Heckscher and Ohlin developed a theory according to which a nation will export the commodity whose production requires the intensive use of the nation's relatively abundant and cheap factor and import the commodity whose production requires the intensive use of the nation's scarce and expensive factor. Reason (R): Thus, a country with an abundance of cheap labour would import labour-intensive products and export capital-intensive goods and vice-versa. In the light of the above statements, choose the most appropriate answer from the options given below:

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Economics · International Trade Theories

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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(A) is correct but (R) is not correct

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