Factor endowments refer to the extent to which free trade impacts the wealth of a country. True or False

The statement given in the question if False.

Explanation:

Based on the Heckscher-Ohlin model of international trade,factor endowment refers to the availability of various factors or inputs of production in respective countries used in the production of goods and services which eventually determines the patterns and flow of international trade between respective countries in the world.Hence,factor endowments of respective nations is mainly associated with the potential or the capacity of the countries to produce certain goods and services given the availability or accessibility of various productive resources,inputs or endowments.Now factor endowments across all the countries in the world is not evidently as some countries have abundant availability of some of the resources which are scarce in some other countries and vise versa.Therefore,the differences in factor endowment across various countries basically determine the productive potential or capacity of those countries and the resultant trade patterns,flows and trends among those countries.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan