Multiple Choice
The H-O model is a simplification of the a truly general equilibrium model because it deals with:
A) two nations
B) two commodities
C) two factors of production
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The H-O model is a general equilibrium
Q2: In the H-O model,international trade is based
Q3: A difference in relative commodity prices between
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