Author Question: The Heckscher-Ohlin theorem looks to ________ to explain trade flows. (Read 51 times)

lb_gilbert · **on:** Apr 19, 2019

Question 1

Which of the following phenomena
cannot be explained by the simple comparative advantage theory?

◦ A country that does not have much farmland tends to import agricultural goods.
◦ A country with a lot of skilled labor tends to export highly technical goods.
◦ A country tends to export the goods that it can produce at a lower opportunity cost.
◦ A country imports and exports the same goods.

Question 2

The Heckscher-Ohlin theorem looks to ________ to explain trade flows.

◦ relative factor endowments
◦ the existence of trade barriers
◦ acquired comparative advantage
◦ the differences in preferences among consumers

af · **Reply #1 on:** Apr 19, 2019

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