True/False
According to the Rybczynski theorem,if a country increases its endowment of capital and prices remain constant,then its output of both the capital and labor intensive goods will rise.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The assumption of increasing opportunity costs in
Q2: Explain carefully why the assumption of identical
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
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