According to the Heckscher-Ohlin or Factor Proportions model, countries have comparative advantage in the goo O Requires proportionately more of every factor than the goods they import. O Employs a relatively large amount of the factor that they have relatively more of than other countries. Employs a relatively large amount of their scarce factor. Uses intensively their scarce factor.

According to the Heckscher-Ohlin or Factor Proportions model, countries have comparative advantage in the goo O Requires proportionately more of every factor than the goods they import. O Employs a relatively large amount of the factor that they have relatively more of than other countries. Employs a relatively large amount of their scarce factor. Uses intensively their scarce factor.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter2: Some Tools Of The Economist

Section: Chapter Questions

Problem 7CQ

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