True/False
According to the Heckscher-Ohlin theory, if the proportion of labor to capital in a country is greater than the proportion of labor to capital in the rest of the world, we can conclude that the country is labor abundant and will have a comparative advantage in the production of goods that use labor intensively.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The table given below shows the
Q3: Assume a two-country two-good two-input model where
Q4: In the absence of trade, a country
Q5: The table given below shows the
Q6: If country A is relatively abundant in
Q8: Using the concepts of community indifference curves
Q9: The figure given below shows the post-trade
Q10: Explain the differences between the two-country two-good
Q11: If country A is relatively land-abundant and
Q12: Assume a two-country, two-good, and two inputs