Solved

Answer the Question(s)below Based on the Following Diagram of a Country

Question 8

Multiple Choice

Answer the question(s) below based on the following diagram of a country that is in international trade equilibrium.
Answer the question(s) below based on the following diagram of a country that is in international trade equilibrium. -Refer to the figure above.If this country is labor abundant,then according to the HO theory good X should be ________ intensive. A) capital B) labor C) both capital and labor D) Can't tell without more information
-Refer to the figure above.If this country is labor abundant,then according to the HO theory good X should be ________ intensive.


A) capital
B) labor
C) both capital and labor
D) Can't tell without more information

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Suppose that there are two factors,capital and

Q4: Describe the controversy surrounding the HO model

Q5: Let Kj and Lj denote the capital

Q6: According to the Rybczynski theorem,if a country

Q7: Even if some people are hurt by

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

Q12: The HO model rules out the classical

Q13: In the HO model,the production possibility frontier