What are the main preconditions for international trade according to Heckscher-Ohlin model? Select one – the most appropriate answer considering provisions of specific factors mode.

Question

BlackTom AI · Accepted Answer

To approach this question, I will evaluate what each option asserts as a precondition for international trade within the Heckscher-Ohlin framework, taking into account the specific factors variation.
Option 1: 'Availability of resources in an economy and effectiveness of their usage.' This aligns with the core idea of the Heckscher-Ohlin model, which emphasizes factor endowments (land, labor, capital) and how their abundance and efficient use shape comparative advantages and trade patterns. Even in a specific-factors context, the existence and effective use of resources remain foundational prerequisites for trade since without resources to endow a country, there would be nothing to trade. This option captures the essential precondition more broadly and plausibly.
Option 2: 'Comparative advantage of an economy in producing one or another good.' While comparative advantage is a central outcome and explanation for trade in many theories, it is not a precondition in the Heckscher-Ohlin framework. HO explains why comparative advantage arises (due to factor endowments) rather than assuming it as a starting precondition. Thus this choice is more of an implication than a foundational precondition and is less precise as a starting requirement.
Option 3: 'Availability of more production factors compared to what is assumed by other models.' This statement is vague and comparative to other models rather than stating a concrete precondition. The HO model does not require there to be more factors than other models; it requires the right mix of factors (endowments) and their mobility conditions. As written, the option is not a precise precondition and can be misleading.
Option 4: 'Production factors scarcity.' Scarcity is a general economic pressure but not a distinctive precondition singled out by the HO model. The model centers on how the relative abundance of factors drives trade, not on scarcity per se as an isolated condition. This option is too narrow and misconstrues the core emphasis of HO.
Option 5: 'Mobility of production factors between different sectors and their ability to be shifted in the short run.' In the specific factors model, some factors are immobile across sectors in the short run, which contrasts with the pure HO assumption of broader factor mobility in the long run. Therefore, asserting broad short-run mobility as a precondition is inconsistent with the specific factors framework. This makes this option incorrect for the scenario described.

econ_420_120255_249094 Lesson 5 Quiz 1

What are the main preconditions for international trade according to Heckscher-Ohlin model? Select one – the most appropriate answer considering provisions of specific factors mode.

查看解析

登录即可查看完整答案

类似问题

Question at position 5 Which theory suggests that nations will develop comparative advantages based on their locally abundant factors?Heckscher-Ohlin theoryAbsolute advantage theoryProduct life cycle theoryStrategic trade theory

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

Considering the diagram below identify which sector is capital-intensive and which is labor-intensive given the reasoning provided. Select one – the most appropriate answer, considering provisions of Heckscher-Ohlin model of international trade.

Considering the diagram below identify which sector is capital-intensive and which is labor-intensive given the reasoning provided. Select one – the most appropriate answer, considering provisions of Heckscher-Ohlin model of international trade.

Consider the problem of wage inequality gap in the USA. How would you explain this problem accepting provisions of Heckscher-Ohlin model? Select one – the most appropriate answer.

Assume a labor abundant economy and you are considering the income distribution effect on this economy resulting from international trade. Pick a statement that can best describe that effect, given provisions of Heckscher-Ohlin model. Select one – the most appropriate answer.

Among the given statements pick one that best describes the diagram below (Heckscher-Ohlin model). Select one – the most appropriate answer.

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单