H-O theory, according to the text, is
A) entirely correct.
B) not entirely obsolete.
C) predictive of all trade.
D) false.

Question

Quizplus · Accepted Answer

The text states that H-O theory is not entirely obsolete, implying that it still has some relevance in explaining trade patterns. Therefore, option B is the correct choice. Options A, C, and D are incorrect as the text does not suggest that H-O theory is entirely correct, predictive of all trade or false.

H-O Theory, According to the Text, Is