According to the Heckscher-Ohlin model, which factors are considered the same across different countries?

Show Answers

Consumer preferences and tastesLevels of technological advancementAvailability of production factorsBoth consumer preferences and technologyNone of the above

Explanation

The Heckscher-Ohlin model assumes that countries share identical tastes and preferences as well as similar technology levels, while factor endowments differ. Therefore, both consumer preferences and technology are considered identical across countries.