The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former A.has...

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The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former A.has only two countries. B.has only two products. C.has two factors of production. D.has two production possibility frontiers. (one for each country). E.has varying wage rates. E.the cost of capital (assuming that good Y is capital intensive) divided by the cost of labor. The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former A.has only two countries. B.has only two products. C.has two factors of production. D.has two production possibility frontiers. (one for each country). E.has varying wage rates. E.the cost of capital (assuming that good Y is capital intensive) divided by the cost of labor.

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C has two factors of production Explanation In the HeckscherOhlin model there are two factors of pro... View the full answer