Which one of the following assumptions is the most important assumption in the Heckscher - ohlin theorem of international trade ?
(1) Two - factor model
(2) Two commodities
(3) No tariff
(4) Constant tariff
Answer - (3) No tariff
Which one of the following assumptions is the most important assumption in the Heckscher - ohlin theorem of international trade ?
Which one of the following assumptions is the most important assumption in the Heckscher - ohlin theorem of international trade ?
(1) Two - factor model
(2) Two commodities
(3) No tariff
(4) Constant tariff
Answer - (3) No tariff
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