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________ predicts that countries will export those goods that make intensive use of locally abundant factors and will import goods that makes intensive use of factors that are locally scarce. a. Then new trade theory b. The theory of absolute advantage c. The theory of competitive advantage d. The Heckscher-Ohlin Theory
The Heckscher-Ohlin Theory: predicts that countries will export those goods that make intensive use of locally abundant factors and will import goods that makes intensive use of factors that are locally scarce.
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Asked 7/12/2013 8:18:58 PM
Updated 3/11/2015 12:27:47 AM
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The Heckscher-Ohlin Theory: predicts that countries will export those goods that make intensive use of locally abundant factors and will import goods that makes intensive use of factors that are locally scarce.

Added 3/11/2015 12:27:47 AM
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Which of the following best describes Globalization? a. The increasing unification of the world's economic system b. The development of a world government c. Increasing U.S. trade with China d. Ease of communications due to the internet
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Critics of globalization claim that foreign companies may put adverse pressure on small domestic firms, potentially driving them out of business. a. True b. False
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Updated 7/20/2014 5:16:01 PM
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TRUE - Global corporations view the world as their market.
Added 7/20/2014 5:16:01 PM
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