Connect with a global community of knowledgeable individuals on IDNLearn.com. Our platform offers comprehensive and accurate responses to help you make informed decisions on any topic.
Sagot :
A capital-intensive country exports products that are capital intensive. which theory is this an example of International trade theory.
Heckscher-Ohlin theory, in economics, a theory of comparative advantage in international trade according to which countries in which capital is relatively plentiful and labor relatively scarce will tend to export capital-intensive products and import labor-intensive products.
while countries in which labor is relatively plentiful and capital relatively scarce will tend to export labor-intensive products and import capital-intensive products.
The theory was developed by the Swedish economist Bertil Ohlin (1899–1979) . For his work on the theory, Ohlin was awarded the Nobel Prize for Economics .
To know more about International trade theory here
https://brainly.com/question/4753726
#SPJ4
Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.
