The factor endowment model of international trade was developed by ?
Correct answer: D. Eli Heckscher and Bertil Ohlin
- A. Adam Smith
- B. David Ricardo
- C. John Stuart Mill
- D. Eli Heckscher and Bertil Ohlin
Explanation
Eli Heckscher and Bertil Ohlin developed the factor-endowment model, which links trade patterns to countries' relative supplies of labour, capital, land, and other resources.
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