According to the modern theory of international trade, according to the Heckcsher-Ohlin model: a)Countries will tend to concentrate on producing ...

According to the modern theory of international trade, according to the Heckcsher-Ohlin model:


a)Countries will tend to concentrate on producing and exporting goods whose production costs, defined by the remuneration of production factors, are lower.
b)The productivity of labor determines patterns of specialization and possibilities for trade between countries.
c)Countries will tend to produce and export goods whose production is intensive in the most abundant production factor in their respective economies.
d)Patterns of specialization and trade between countries result from differences between domestically and internationally practiced prices.
e)The availability of production factors does not significantly influence the pattern of trade between countries since their mobility balances international production conditions.