Multiple Choice
According to the human skills theory
A) trade patterns depend upon a country's relative endowment of skilled workers.
B) countries with large endowments of skilled labor will have comparative advantage in skilled labor intensive products.
C) the Leontief paradox is explained by the fact that the United States is relatively skilled labor abundant.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Intraindustry trade is most common in the
Q6: Leontief found that<br>A)U.S. exports are capital intensive
Q7: MacDougall showed in his tests that<br>A)relatively higher
Q8: MacDougall's test provides evidence that exports are
Q9: Tests of the Heckscher-Ohlin model by Bowen,Leamer,and
Q11: Leontief showed that U.S.exports were capital intensive
Q12: The finding that U.S.exports tend to come
Q13: If one allows natural resources to be
Q14: MacDougall's results can be interpreted as<br>A)evidence against
Q15: As of 2004,the U.S.,Canada,and Western Europe account