Multiple Choice
Classical trade theory emphasized which of the following as an underlying explanation of the basis for trade?
A) Productivities of labor inputs
B) Tastes and preferences among nations
C) Changes in technologies over time
D) Quantities of economic resources
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Chinese manufacturers face rising wages because of:<br>A)
Q32: A firm is said to enjoy economies
Q33: A product will be internationally traded as
Q35: The Heckscher-Ohlin theory emphasizes the role that
Q36: In the factor-endowment model,the production possibility curve
Q37: Should international transportation costs decrease,the effect on
Q39: The factor endowment theory assumes<br>A) Same tastes
Q54: According to the factor-endowment theory, international specialization
Q99: By widening the size of the domestic
Q122: The Heckscher-Ohlin theory asserts that relative differences