The Heckscher-Ohlin Theory holds that countries that have an abundance of certain resources enjoy an absolute or comparative advantage over other countries.Which of the following is NOT one of the factors that Heckscher and Ohlin considers scarce?
A) land
B) labor
C) capital
D) education
E) None of the above

Question

Quizplus · Accepted Answer

The four resources that economists consider scarce are "land,labor,capital,and entrepreneurship." Depending on the background of the students in economics,this can be an easy question or a difficult one.

The Heckscher-Ohlin Theory Holds That Countries That Have an Abundance