Introduction to Economics 2 Deneme Sınavı Sorusu #349968

Which of the following theories explain international trade by using factor intensity and factor abundance?


Theory of absolute advantage

 

Theory of comparative advantage

 

Standard theory of international trade

 

Heckscher-Ohlin theory

Linder theory


Yanıt Açıklaması:

The standard theory of international trade does not explain the reason of the differences in the relative commodity prices in autarky. This weakness of the standard theory is accomplished by the Heckscher-Ohlin theory. The Heckscher-Ohlin theory explains the reason of the differences in the relative commodity prices in autarky by using the factor intensity and factor abundance.

Yorumlar
  • 0 Yorum