The following are all assumptions that must be accepted in order to apply the Heckscher - Ohlin Theory, except for one:

Related MCQs

• The Heckscher-Ohlin model predicts all of the following except:
• One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that __________ is (are) identical in all countries.
• The Heckscher-Ohlin model assumes that _____ are identical in all trading countries
• Which of the following is false (for the Heckscher-Ohlin model)?
• In international-trade equilibrium in the Heckscher-Ohlin model,
• The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former
• The trade model of the Swedish economists Heckscher and Ohlin maintains that:
• According to the factor endowment model of Heckscher and Ohlin, countries heavil y endowed with land will:
• According to the Heckscher-Ohlin model, the source of comparative advantage is a country’s:
• The Heckscher-Ohlin model rules out the classical model’s basis for trade by assuming that________ is (are) identical between countries.