Multiple Choice
The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former
A) has only two countries.
B) has only two products.
C) has two factors of production.
D) has two production possibility frontiers (one for each country) .
E) has varying wage rates.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: One way in which the Heckscher-Ohlin model
Q46: The 1987 study by Bowen, Leamer and
Q47: If Gambinia has many workers but very
Q48: In the 2-factor, 2-good Heckscher-Ohlin model, trade
Q49: Which of the following is an assertion
Q51: In the Heckscher-Ohlin model, countries are assumed
Q52: Empirical support for the Heckscher-Ohlin model was
Q53: Which of the following empirical studies provided
Q54: Assume that only two countries, A and
Q55: If two countries are very different in