Multiple Choice
Which of the following is most likely to be predicted by the Heckscher-Ohlin theory?
A) The industrialized nations will mainly export labor-intensive goods.
B) The developing countries will mainly export labor-intensive goods.
C) The wage rate of the low-skilled workers will be higher in the developing countries than in the developed countries.
D) Countries like the United States will completely specialize in the production of primary commodities.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: The following input-requirements data are for
Q18: Suppose country A, a labor-abundant country, produces
Q19: The factor-price-equalization theorem tells us that free
Q20: In the short-run, following the opening of
Q21: Suppose country A, a labor-abundant country, produces
Q23: Free trade can be expected to cause
Q24: In the long-run, gainers and losers from
Q25: The following input-requirements data are for
Q26: The Stolper-Samuelson theorem predicts that free trade
Q27: According to the specialized-factor pattern, the more