Multiple Choice
According to the Stolper-Samuelson theorem, free trade raises the real return of the nation-s ___________________.
A) relatively abundant factor
B) relatively scarce factor
C) relatively capital-intensive good
D) relatively-labor intensive good
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Factor price equalization can occur even if
Q3: In 1954, Wassily Leontief provided empirical evidence
Q4: Watches are relatively capital intensive in their
Q5: A strategy in which one organization hires
Q6: The magnification principle holds that a change
Q8: The good that uses more capital in
Q9: The Heckscher-Ohlin theorem is consistently supported by
Q10: Economic growth spurred by either a technological
Q11: Switzerland produces both watches and chocolate. Watches
Q12: According to the Heckscher-Ohlin explanation of trade,