Author Question: The factor proportions theory holds that countries should concentrate production on those products ... (Read 70 times)

roselinechinyere27m

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The factor proportions theory holds that countries should concentrate production on those products that use their most abundant production factors.
 
  Indicate whether the statement is true or false

Question 2

Why do you think the gold standard and mercantilism are considered opposites?
 
  What will be an ideal response?


Swizqar

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Answer to Question 1

TRUE

Answer to Question 2

The gold standard and mercantilism are opposites because the gold standard advocated the free export of gold while mercantilism advocated hoarding gold.



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