5. The Heckscher-Ohlin theory of international trade claims that: a. The global market determines the division...
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5. The Heckscher-Ohlin theory of international trade claims that: a. The global market determines the division of labor b. The gains from trade are attributed to comparative advantage c. The gains from trade are attributed to the concept of absolute advantage d. A country's resource endowments define the country's exports 5. The Heckscher-Ohlin theory of international trade claims that: a. The global market determines the division of labor b. The gains from trade are attributed to comparative advantage c. The gains from trade are attributed to the concept of absolute advantage d. A country's resource endowments define the country's exports
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Correct answer is option D Heckscher Ohlin theory is the traditional econo... View the full answer
Related Book For
International Business
ISBN: 978-0470530658
8th edition
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
Posted Date:
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