Solved

The H-O Model Extends the Classical Trade Model By

Question 13

Multiple Choice

The H-O model extends the classical trade model by:

A) explaining the basis for comparative advantage
B) examining the effect of trade on factor prices
C) both a and b
D) neither a nor b

Related Questions

Q5: According to the H-O model,trade reduces international

Q6: When w/r falls,L/K<br>A)falls in the production of

Q7: A nation is said to have a

Q8: We say that commodity Y is K-intensive

Q9: The Leontief paradox refers to the empirical

Q10: For factor reversal to occur,two commodities must

Q11: Which is not an assumption of the

Q12: With equal technology nations will have equal

Q14: From empirical studies,we conclude that the H-O

Q15: According to the H-O model,international trade will:<br>A)reduce