Multiple Choice
In the graph in Question #24 above, if the two countries are opened to trade with each other, country A will export __________ and country B __________.
A) good X; will export good Y
B) good X; also will export good X because there has been a factor-intensity reversal
C) good Y; also will export good Y because there has been a factor-intensity reversal
D) good Y; will export good X
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Carefully explain, for each of the following
Q4: The "magnification effect" refers to the fact
Q5: Two of the strong assumptions underlying the
Q6: Will the price definition of factor abundance
Q7: In the context of the "specific-factors model,"
Q9: In the following diagram showing the relationship
Q10: Suppose that we are in a two-factor,
Q11: Will the gains from trade be larger
Q12: It has been argued that the effect
Q13: Explain how relative factor abundance can determine