Question

13) Heckscher ohlin theory cannot be applied to more than
O A) Several commodities and several countries
OB) Two commodities
O C
C) Two countries
OLD) Few countries​

Answer 1

Answer:

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Answer 2

Heckscher ohlin theory cannot be applied to more than C) Two countries.

Explanation:

• International commerce, according to Ricardo and other classical economists, is based on differences in comparative costs.
• It is crucial to note that Heckscher and Ohlin agreed with this core notion and simply built on it by discussing the mechanisms that produce differences in commodity comparative costs between different locations or countries.
• Ricardo and others who followed him interpreted variations in comparative costs only as a result of differences in labour ability and efficiency.