what does the H-O theory postulate?please answer it in English 英语
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【答案】 The Heckscher-Ohlin theory is based on a number of simplifying assumptions,those are:
1.there are two nations,two modities,and two factors of production(labor and capital)
2.both nations use the same technology in production.
3.modity X is labor intensive,and modity Y is capital intensive in both nations.
4.both mdities are produced under constant returns to scale in both nations.
5.there is inplete specialization in production in both nations.
6.tastes are equal in both nations.
7.there is perfect petition in both mdities and factor markets in both nations.
8.there is perfect factor mobility within each nation but no international factor mobility.
9.there are no transportation costs,tariffs,or other obstructions to the free flow of international trade.
10.all resources are fully employed in both nations
11 international trade between the two nations is balanced
the part of the the H-O theory that postulates that a nation will export the modity intensive in its relatively abundant and cheap factor and import the modity intensive in its relatively scarce and expensive factor.