Which of the following is true of the heckscher-ohlin theory? multiple choice
a. it argues that it is in a country’s best interests to maintain a trade surplus.
b. it is a good predictor of real-world international trade patterns. viewed from an asian or european perspective, its main argument seems ethnocentric and increasingly dated.
c. it argues that the pattern of international trade is determined by differences in factor endowments.
d. it makes more simplifying assumptions than the theory of comparative advantage.

Option (C) is correct.

Explanation:

The Heckscher-Ohlin theory is based on the cause of comparative advantage and explains that it is the difference in the factor endowments among the countries that is the main cause of international trade.

Heckscher-Ohlin theory says that a country exports the commodity whose production requires the intensive use of nation's relatively abundant and cheap factor and a country imports the commodity whose production requires intensive use of nation's relatively scarce and expensive factor.

can your question and add a list so i can you out?

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi