Multiple Choice
According to the Heckscher- Ohlin model
A) the scarce factor gains from trade and the abundant factor loses.
B) only the country with the more advanced technology gains from trade.
C) the gainers from trade could compensate the losers and still retain gains.
D) a country gains from trade if its exports have a high value added.
E) everyone gains from trade.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: If a country produces good Y (measured
Q4: In the 2- factor,2- good Heckscher- Ohlin
Q5: If Australia has more land per worker,and
Q6: In the Heckscher- Ohlin model,countries are assumed
Q7: If trade opens up between the two
Q9: In the Heckscher- Ohlin model,when two countries
Q10: The assumption of diminishing returns in the
Q11: Which of the following empirical studies cast
Q12: Empirical observations on actual North- South trade
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