Which international trade concept did Bertil Ohlin develop?
Absolute Advantage
Comparative Advantage
Heckscher–Ohlin model
Free Trade Openness
Answer
The Heckscher–Ohlin model is an international trade theory that explains patterns of trade as a result of differences in countries' relative factor endowments. The model predicts that countries will export goods that use their abundant factors intensively and import goods that use their scarce factors intensively. For example, a country with an abundance of labor will export labor-intensive goods and import capital-intensive goods.
The Ohlin Odyssey: An Engaging English Quiz on the Life and Contributions of Bertil Ohlin
More Questions
Which party opposed People's Party during Bertil's leadership?
Who was Bertil's partner in developing the Heckscher–Ohlin model?
For what contribution was Bertil awarded Nobel Prize in Economics?
For how many years was Bertil Ohlin a professor at the Stockholm School of Economics?
What was Ohlin's middle name?
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