Economics · International Trade
In international trade theory, which of the following is traditionally treated as a dynamic factor rather than a static endowment factor?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Initial supply of unskilled labor
- 2Geographical size of the country
- 3Technological innovation and progress✓
- 4Availability of natural resources
Correct answer
Technological innovation and progress
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