The following are all assumptions that must be accepted in order to apply the Heckscher - Ohlin Theory, except for one: | Faculties

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📊 International Economics

Q. The following are all assumptions that must be accepted in order to apply the Heckscher - Ohlin Theory, except for one:

(A) Countries differ in their endowments of factors of production.
(B) Countries differ in their technologies.
(C) There are two factors of production.
(D) Production is subject to constant returns to scale.

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✅ Correct Answer: (B) Countries differ in their technologies.

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