Multiple Choice
According to physical criterion of the H-O theory of trade, a country is said to be relatively capital abundant if and only if
A) A country is having capital relatively cheap and labour relative costly
B) A country is endowed with a higher proportion of capital to labour than the other country
C) A country is having labour relatively cheap and capital relatively costly
D) A country is endowed with a higher proportion of labour to capital than the other country
Correct Answer:

Verified
Correct Answer:
Verified
Q2: According to comparative advantage theory<br>A)Capital is the
Q3: The importance of international trade includes<br>A)Adverse terms
Q4: According to classical view, one of the
Q5: According to the Heckscher-Ohlin theory of trade,
Q6: Adam Smith's theory of international trade is
Q7: The production possibility curve under increasing opportunity
Q8: Among the difference between inter-regional and international
Q9: The basic of international trade according to
Q10: Under constant opportunity cost, the production possibility
Q11: According to the theory of comparative advantage,