The theory suggesting that the patterns of international trade are determined by factor endowment rather than productivity was propounded by which one of the following?
A. Adam Smith
B. David Ricardo
C. Heckscher and Bertil Ohlin
D. Michael Porter
Answer: Option C
Related Questions on Business and Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
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