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Question at position 21 The focus of factor proportions theory is on the __.productivity of the production processcost-effectiveness of the production processuse of depleting production factorsuse of expensive production factors
Options
A.productivity of the production process
B.cost-effectiveness of the production process
C.use of depleting production factors
D.use of expensive production factors
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Step-by-Step Analysis
When examining what the factor proportions theory emphasizes, the first step is to identify the core concept the theory uses to explain international trade patterns.
Option 1: 'productivity of the production process' is the key idea here, since factor proportions theory (including the ideas behind relative fact......Login to view full explanationLog in for full answers
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