Question

H-O theory can be extended to __________

 A) only Two countries

 B) only Two commodities

 C) many commodities and many countries

 D) only Two factors of​

Answer 1

Answer:

Answer is c)

many commodities and many countries

Answer 2

Answer:

A) only Two countries is the correct answer

Explanation:

Because the “standard” H-O model refers to the case of two countries, two goods, and two factors of production. The H-O model has been extended to many countries, many goods, and many factors, but most of the exposition in this text, and by economists in general, is in reference to the standard case.

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