Economics · International Trade

The Heckscher-Ohlin model explains comparative advantage based on differences in factor endowments. According to this model:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1countries tend to produce goods using equal ratios of all available factors
2countries tend to consume only goods that are intensive in scarce factors
3countries tend to import goods that are intensive in the factors they have in abundance
4countries tend to export goods that are intensive in the factors they have in abundance✓

Correct answer

countries tend to export goods that are intensive in the factors they have in abundance

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