Explain how the H-O theory can be used to explain the pattern of trade between two countries.​

Answers

Answer 1

Answer: See explanation

Explanation:

The Heckscher-Ohlin model refers to an economic theory which states that countries will export the goods that they can produce efficiently and in large quantities while they'll import those that they are less efficient in producing.

According to the H-O theorem, the pattern of trade that exists between countries as a result of the characteristics that are possessed by the countries. In such case, a capital-abundant country can produce a capital intensive good efficiently and therefore should export the capital intensive good. Likewise, a labor-abundant country can produce labor intensive good efficiently and therefore should export the labor-intensive good.


Related Questions

All of these align with the idea of sustainable development EXCEPT

limited use of chemicals
universal education
widely available health care
preservation of resources
use of cheap labor

Answers

Answer:

use of cheap labor

Explanation:

Sustainable development simply means that humans must be able to fend for their respective needs without destroying the chance of future generations of meeting their own needs

Therefore, the use of cheap labor does not align with the idea of sustainable development because exploits the workers without paying them adequately.

Answer:

E) use of cheap labor

Explanation:

Got it right on the test! <3 hope it helps!

What is the difference between a Clinical Psychologist & a Physiatrist?

Answers

Answer:

Explanation:

Psychiatrists have a medical degree along with advanced qualifications from residency and a specialty in psychiatry. They use talk therapy, medications, and other treatments to treat people with mental health conditions. While, psychologists have an advanced degree, such as a Ph.D. or PsyD.

Basically, you can say psychiatrists are trained, medical doctors, While psychologists are not.

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