Question:
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R.
Assertion A: According to the Heckscher-Ohlin model, free trade results in equalisation of factor prices across nations.
Reason R: This is because the model assumes perfect international mobility of the factors of production.
In the light of the above statements, choose the correct answer from the options given below:
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R.
Assertion A: According to the Heckscher-Ohlin model, free trade results in equalisation of factor prices across nations.
Reason R: This is because the model assumes perfect international mobility of the factors of production.
In the light of the above statements, choose the correct answer from the options given below:
Assertion A: According to the Heckscher-Ohlin model, free trade results in equalisation of factor prices across nations.
Reason R: This is because the model assumes perfect international mobility of the factors of production.
In the light of the above statements, choose the correct answer from the options given below:
Updated On: Mar 12, 2024
- Both A and R are true and R is the correct explanation of A
- Both A and R are true but R is NOT the correct explanation of A
- A is true but R is false
- A is false but R is true
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The Correct Option is C
Solution and Explanation
The correct option is(C): A is true but R is false
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