Foreıgn Trade Deneme Sınavı Sorusu #1398581
Which of the following simplifying assumptions of Heckscher-Ohlin Theory is the one that best fits today’s international trade environment?
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Demand preferences are the same in both countries. |
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There is perfect competition in the commodities and the factor markets in both countries. |
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There is free trade between the trading countries. |
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There is free movement of factors of production within each country but no free movement of factors of production between countries. |
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International trade between the trading countries is balanced. |
Along with rapid globalization, demand preferences are more or less the same across countries. Thus, the ‘Demand preferences are the same in both countries’ assumption of the Heckscher- Ohlin Theory is probably the one that best fits today’s international trade environment.
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