International trade patterns

Multiple Choice

• depend on whether we consider the import side of trade or the export side of trade.
• are broadly consistent with the Heckscher-Ohlin theory that predicts that countries tend to export products that use their abundant factors intensively.
• are inconsistent with the Heckscher-Ohlin theory because of the difference in the economic sizes of nations.
• are difficult to determine since each country uses a different monetary system.