The Heckscher-Ohlin theory explains comparative adva... - Solved MCQs & Answer

512EconomicsMedium

The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries?

AEconomies of large-scale production

BResearch and development expenditures

CRelative costs of labor

DRelative abundance of various resources

Correct answer

D. Relative abundance of various resources

Explanation

The correct answer is Relative abundance of various resources.

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