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can someone help me find the answer for these. . According to the Heckscher-Ohli

ID: 1110855 • Letter: C

Question

can someone help me find the answer for these.

. According to the Heckscher-Ohlin theorem: A) It is difficult to establish which factors explain most world trade patterns B) A country has a comparative advantage in the production of a pr relatively well endowed with the inputs used intensively to producet C) Comparative advantage is impossible D) Evidence suggests that economies of scale in small industries are substantial and account for a great part of comparative advantage and wor product if that country is 9. The argument for free trade is that each country should specialize in producing the goods and services in which it has a: A) Surplus B) Comparative Advantage C) Tariff D) Absolute advantage 10. A country with a lot of good fertile land is likely to have a comparative advantage in: A) Manufacturing B) Agriculture C) Technical goods D) All of the above

Explanation / Answer

8) Option B is correct (H-O theorem)

9) Option B is correct (comparative advantage determines specialization and production of goods for export)

10) Option B is correct (H-O theorem, agriculture requires good fertile land)

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