According to the Heckscher-Ohlin theory of trade, the most important cause of difference in relative commodity prices and trade between nations is a difference in

Related MCQs

• When the export prices of a country relatively rises to its import prices, its terms of trade are said to have
• Which of the following is the cause of international trade as per Heckscher-Ohlin trade theory?
• Once import quota is levied on a commodity, the domestic price of the commodity
• Relative factor abundance in H-O theory of trade can be defined in terms of
• According to classical view, one of the main difference between inter-regional and international trade is
• In the modern trade theory, the gains from international trade are clearly differentiated between
• The concept of commodity or net barter terms of trade has been used by economists to measure
• Among the difference between inter-regional and international trade, the reason for international factor immobility includes
• According to physical criterion of the H-O theory of trade, a country is said to be relatively capital abundant if and only if
• The main reason for different nations to enter into trade is that