The factor endowment theory was pioneered by ?
Correct answer: D. Eli Heckscher and Bertil Ohlin
- A. Adam smith
- B. David Ricardo
- C. Wassily Leontief
- D. Eli Heckscher and Bertil Ohlin
Explanation
The factor-endowment theory is the Heckscher-Ohlin theory, developed by Eli Heckscher and Bertil Ohlin. It explains comparative advantage through differences in countries' relative supplies of factors such as labor and land.
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