Multiple Choice
The HO model rules out the classical model's basis for trade by assuming that ________ is (are) identical between countries.
A) factor endowments
B) factor intensities
C) technology
D) opportunity costs
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Even if some people are hurt by
Q8: Answer the question(s)below based on the following
Q9: Which of the following theorems predicts that
Q10: Explain how free international trade tends to
Q11: According to the factor price equalization theorem,the
Q13: In the HO model,the production possibility frontier
Q14: Answer the question(s)below based on the following
Q15: Which of the following is false?<br>A)International differences
Q16: Answer the question(s)below based on the following
Q17: The Heckscher-Ohlin model basically states that countries