Multiple Choice
Which of the following would not be predicted by the Hecksher-Ohlin theorem?
A) the US should export capital-intensive and technology-intensive goods
B) India should export labor-intensive goods
C) Canada should have a comparative advantage in forestry
D) Kuwait should specialize in the production of oil
E) Central African Republic should have a comparative advantage in fisheries
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The largest exporter of goods and services
Q3: Advocates of competitiveness as a argument for
Q4: According to New Trade Theory,<br>A) international trade
Q5: The idea that efficient producers can benefit
Q6: On average,over the last 50 years or
Q7: If production is characterized by increasing returns
Q8: An increase in a country's terms of
Q9: The next questions refer to the following.<br>Suppose
Q10: Industries which receive government protection from trade
Q11: Which of the following assumptions is common