Multiple Choice
Trade benefits a country by
A) increasing available consumption choices.
B) reducing the relative price of the exported good.
C) increasing the wage rate.
D) increasing the real income of all resource owners.
E) reducing the need for specialization in production.
Correct Answer:

Verified
Correct Answer:
Verified
Q35: If a country produces good Y (measured
Q36: International trade leads to complete equalization of
Q37: In the 2-factor, 2-good Heckscher-Ohlin model, the
Q38: Assume that only two countries, A and
Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q41: If Australia has relatively more land per
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q43: In the 2-factor, 2-good Heckscher-Ohlin model, the
Q44: Assume that only two countries, A and
Q45: One way in which the Heckscher-Ohlin model