Multiple Choice
Factors tend to be specific to certain uses and products
A) in capital-intensive industries.
B) in labor-intensive industries.
C) in the short run.
D) in countries lacking fair labor laws.
E) in countries lacking comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Why are prices of factors of production
Q17: In the 2-factor, 2-good Heckscher-Ohlin model, the
Q18: One of the commonly used assumptions in
Q19: According to the Heckscher-Ohlin model<br>A) the gainers
Q20: Suppose that there are two factors, capital
Q22: Suppose Australia, a land (K)-abundant country, and
Q23: The Leontief Paradox<br>A) still accurately applies to
Q24: "No country is abundant in everything." Discuss.
Q25: Assume that only two countries, A and
Q26: If Gambinia has many workers but very