Who was Bertil's partner in developing the Heckscher–Ohlin model?
Eli Heckscher
John Maynard Keynes
Paul Samuelson
Ronald Coase
Answer
Eli Heckscher was a Swedish economist who developed the Heckscher–Ohlin model of international trade with Bertil Ohlin. The model states that a country will export goods that use its abundant factors of production and import goods that use its scarce factors of production. For example, a country with a lot of capital will export capital-intensive goods and import labor-intensive goods.
The Ohlin Odyssey: An Engaging English Quiz on the Life and Contributions of Bertil Ohlin
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