Question: Which theory predicts that countries will export those goods that make intensive use of factors that are locally abundant, while importing goods that make intensive

Which theory predicts that countries will export those goods that make intensive use of factors that are locally abundant, while importing goods that make intensive use of factors that are locally scarce? Select one: a. Comparative advantage b. Absolute advantage c. Product life cycle d. Factor Endowments
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
