Economics · International Trade Theories
Which theory postulates that countries will export those goods that make intensive use of factors that are locally abundant, while importing goods that make use of factors that are locally scarce?
- 1The Product Life Cycle Theory
- 2Heckscher-Ohlin Theory✓
- 3Theory of Comparative Cost Advantage
- 4Theory of Absolute Cost Advantage
Correct answer
Heckscher-Ohlin Theory
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