Which of the following theories holds that countries will produce and export products that use large amounts of production factors that they have in abundance?
A. Mercantilism.
B. The theory of absolute advantage.
C. The factor endowment theory.
D. None of the above.
Answer:C
Which of the following theories holds that countries will produce and export products that use large amounts of production factors that they have in abundance?
A. Mercantilism. B. The theory of absolute advantage. C. The factor endowment theory. D. None of the above.