The Heckscher-Ohlin theory argues that comparative advantage arises from differences in national ___________ endowments. It predicts that countries will ____________ those goods that make intensive use of factors that are locally abundant, while importing goods that make intensive use of factors that are locally scarce.
举一反三
- According to Ricardo’s theory of comparative advantage, it makes sense for a county to ___________ in the production of those goods that produces most efficiently and to buy the goods that it produces less efficiently from other countries, even if this means buying goods from other countries that it could produce ___________ efficiently itself.
- Developing countries should adopt labor-intensive technologies to（）their comparative advantage of abundant labor. A: use B: exploit C: employ D: explore
- Because of substantial economies of scale, the _____ theory argues that trade can increase the variety of goods available to consumers. A: absolute advantage B: technological gap C: new trade D: factor endowments
- v. use machines to make goods or materials, usually in large numbers or amounts
- Nations will usually produce and export those goods in which they have the greatest comparative advantage, and import those items in which they have the least comparative advantage.