Multiple Choice
According to the H-O model,international trade will:
A) reduce international differences in per capita incomes
B) increases international differences in per capita incomes
C) may increase or reduce international differences in per capita incomes
D) lead to complete specialization
Correct Answer:

Verified
Correct Answer:
Verified
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
Q13: The H-O model extends the classical trade
Q14: From empirical studies,we conclude that the H-O