A capital-intensive country exports products that are capital intensive. which theory is this an example of International trade theory.
Heckscher-Ohlin theory, in economics, a theory of comparative advantage in international trade according to which countries in which capital is relatively plentiful and labor relatively scarce will tend to export capital-intensive products and import labor-intensive products.
while countries in which labor is relatively plentiful and capital relatively scarce will tend to export labor-intensive products and import capital-intensive products.
The theory was developed by the Swedish economist Bertil Ohlin (1899–1979) . For his work on the theory, Ohlin was awarded the Nobel Prize for Economics .
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Explanation:
The Declaration of Independence and the Constitution provide the ideological foundations for the democratic government of the United States. The Declaration of Independence and the Constitution are documents that provide the ideological foundations for the democratic government of the United States.
The Declaration of Independence provides a foundation for the concept of popular sovereignty, the idea that the government exists to serve the people, who elect representatives to express their will.
The US Constitution outlines the blueprint for the US governmental system, which strives to balance individual liberty with public order.
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