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

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BlackTom AI · Accepted Answer

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 factor endowments) centers on how differences in productivity across factors (labor, capital, land) influence production and, consequently, comparative advantage.
Option 2: 'cost-effectiveness of the production process' sounds plausible but is not the standard framing of the theory. While cost considerations arise from productivity differences, the theory itself is more about relative productivity stemming from factor endowments rather than a general notion of cost efficiency.
Option 3: 'use of depleting production factors' introduces a resource-depletion angle that is not the main focus of the classic factor proportions framework. The theory typically treats factors in a static, endowment-based way rather than emphasizing depletion dynamics.
Option 4: 'use of expensive production factors' implies a particular price level or premium on factors, which is not the central claim of factor proportions theory. The emphasis is on the relative abundance or scarcity of factors and how that affects output, not on labeling factors as expensive.
In summary, among the provided choices, the strongest alignment with the core idea of factor proportions theory is the emphasis on how differences in productivity across factors shape production and trade.

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

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