Question

Trade theory based on ________ states that international differences in production advantages occur because of differences in the supply of production factors

Answer 1

Answer:

Resource Endowments.

Explanation:

In economics, a determinant endowment is generally understood as the area of land, labor, resources, and entrepreneurial spirit a country acquires and is able to take advantage of industrial production.

• Economies with a high capital endowment continue to be more stable than those with a limited endowment if all the other factors are equivalent.

• Resource management and growth, as in money, resources, and labor, of a nation, society, or sector. It includes the facilities connected with the manufacturing, delivery, and production of goods and services.