Economics · International Trade Theories
In relation to the Heckscher-Ohlin theory, in comparison between countries X and Y, which of the following statements are true? a) Country X is capital-abundant if the relative price of capital in X is lower than in Y. b) Country X is capital-abundant if the relative price of capital in X is higher than in Y. c) Country Y is capital-abundant if the relative price of capital in Y is lower than in X. d) Country Y is capital-abundant if the relative price of capital in Y is higher than in X.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1b, c and d only
- 2a and c only✓
- 3a, c and d only
- 4a and d only
Correct answer
a and c only
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