Heckscher-Ohlin Model of Trade

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The Heckscher- Ohlin model is principally focused on what aspect of economics?

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1. How is comparative advantage defined?

2. What are the four factor endowments?

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About This Quiz & Worksheet

To pass this quiz and worksheet, you have to be familiar with the tenets of the Heckscher-Ohlin Model of Trade. You must also be knowledgeable of different terms from the lesson.

Quiz & Worksheet Goals

You will be tested on the:

  • Effect of factor endowments on trade
  • Focus of the Heckscher-Ohlin model
  • Principal factor endowment in the US

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on the Heckscher-Ohlin Model of trade
  • Information recall - access the knowledge you've gained regarding the four factor endowments
  • Defining key concepts - ensure that you can accurately define the key term comparative advantage

Additional Learning

Review the lesson Heckscher-Ohlin Model of Trade to learn more about trade. The following objectives will be covered:

  • Learn the different types of capital
  • Understand factor endowments
  • Review international trade
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