How does the Hecksher-Ohlin Theorem modify current understands of comparative advantage?
a. Hecksher-Ohlin supports the further implementation of fair trade policies around the world.
b. The theorem supports the use of a fixed currency exchange rate based on silver as a back up.
c. Hecksher-Ohlin states that actors should be in a policy position that others have no incentive to change.
d. Specifies what type of products countries will import and export based on comparative advantage observations.
Ans: d
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