Who propounded a new theory, the factor Endowment theory in connection with international trade ?
ARicardo
BAdam Smith
CJ. S. Mill
DBertil Ohlin
Answer:
D. Bertil Ohlin
Read Explanation:
Bertil Ohlin
Sweedish Economist and politician who made significant contributions to international trade theory.
The factor Endowment Theory , also known as the Heckscher - Ohlin model , explains international trade patterns based on differences in factor endowments between countries.
The theory states that countries will export goods that require abundant factors of production and import goods that require scarce factors.
