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Which theory in economics proposes that countries export what they can most efficiently and plentifully produce?    (SSC CGL 2018)
  • a)
    Solow-Swan Model
  • b)
    Heckscher-Ohlin Model
  • c)
    Input-Output Model
  • d)
    Cournot Competition
Correct answer is option 'B'. Can you explain this answer?
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Which theory in economics proposes that countries export what they can...
The so-called Heckscher-Ohlin theory basically holds that a country will export those commodities that are produced by the factor that it has in relative abundance and that it will import products whose production requires factors of production where it has relatively less abundance.
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Which theory in economics proposes that countries export what they can most efficiently and plentifully produce? (SSC CGL 2018)a)Solow-Swan Modelb)Heckscher-Ohlin Modelc)Input-Output Modeld)Cournot CompetitionCorrect answer is option 'B'. Can you explain this answer?
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