Economics · International Trade Theories
The Heckscher-Ohlin theory of international trade states that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Economic growth of a nation depends primarily upon specialized division of labor
- 2Countries should devise strict protectionist strategies to insulate domestic markets
- 3Countries will gain comparative advantage if the goods they produce utilize resources that are locally abundant✓
- 4A nation's wealth and power are best served by increasing exports and decreasing imports
Correct answer
Countries will gain comparative advantage if the goods they produce utilize resources that are locally abundant
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