Solved

Consider Two Products, Automobiles and Shoes.If Shoes Are

Question 101

Multiple Choice

Consider two products, automobiles and shoes.If shoes are
Labor intensive and automobiles are capital intensive, what
Will happen under the HO model?


A) The labor­abundant country will export automobiles.
B) The capital­abundant country will export shoes.
C) The labor­abundant country will import shoes.
D) The capital­abundant country will import shoes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: If agriculture is a capital-intensive industry in

Q96: Surveys have found that _ are the

Q97: Suppose that country 1 is capital abundant

Q98: Suppose the information given in the following

Q100: Figure: A Country's Before and After Trade

Q102: SCENARIO: CANADA AND THE UNITED STATES<br>Canada and

Q103: If we measure scarcity or abundance correctly,

Q104: Which of the following groups is MOST

Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7261/.jpg" alt=" (Figure: A Country's

Q106: Which of the following is NOT an