Smith, Ricardo, and Heckscher-Ohlin suggested that a country’s economy

QUESTION

Smith, Ricardo, and Heckscher-Ohlin suggested that a country’s economy would gain only if its citizens buy products that are made in that country.

Indicate whether the statement is true or false.

ANSWER

FALSE
The theories of Smith, Ricardo, and Heckscher-Ohlin tell us that a country’s economy may gain if its citizens buy certain products from other nations that could be produced at home.