Management Notes

Reference Notes for Management

According to the Heckscher-Ohlin model

Looking for the answer to the question below related to Source of Comparative Advantage ?

According to the Heckscher-Ohlin model

 Options:

a. everyone automatically gains from trade
b. the gainers from trade outnumber the losers from trade
c. the scarce factor necessarily gains from trade
d. none of the above

 

The Correct Answer Is:

  • b. the gainers from trade outnumber the losers from trade

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