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Author Question: The factor proportions theory holds that countries should concentrate production on those products ... (Read 68 times)

roselinechinyere27m

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on: Jul 7, 2018
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?
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Swizqar

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Reply #1 on: Jul 7, 2018
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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