HO Theory -Finals Flashcards
1
Q
Who are the people who develop the theory of Heckscher-Ohlin?
A
Bertil Ohlin
Eli Filip Heckscher
2
Q
This theory explains mathematically how country should operate and Trade when resources are imbalanced, aka. The resources and Trade theory.
A
Heckscher-Ohlin Theory
3
Q
Heckscher-Ohlin theory is also known as?
A
Factor proportions theory
4
Q
Many elaboration of the model were provided by __________ after the 1930s and thus, sometimes the model is referred to as the Heckscher-Ohlin-Samuelson (HOS) model.
A
Paul Samuelson
5
Q
In the 1950s and 1960s, some noteworthy extensions to the model were made by Jaroslav Vanek and so occasionally the model is called________?
A
Heckscher-Ohlin-Vanek model
