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Which one of the following can be associated with the factor endowment theory? ...

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Which one of the following can be associated with the

factor endowment theory?

Scarce resources are the foundation for comparative trade advantages

❌

Many factors contribute to explaining the emergence of comparative

advantages

❌

National resource endowments are the foundation for comparative

advantages in international trade

✅

Resources are the foundation of firm’s competitive

advantage

❌

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