In the classical model of Ricardo, the direction of trade is determined by ?

Related Mcqs:

The opportunity cost of one DVD in Japan is ?

A. One ton of steel B. Two tons of steel C. Three tons of steel D. Four tons of steel...

In autarky, the relative price of X, in terms of Y in A would be ?

A. 1/2 Y B. 3/4 Y C. 1 Y D. 4/3 Y...

G. MacDougal compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the:

A. Ricardian theory of comparative B. Heckscher Ohl in theory of comparative advantage C. Linder theory of overlapping demand all of the above D. None of these...

G. MacDougall’s empirical results can be interpreted as ?

A. evidence against the classical model B. evidence against the Heckscher-Ohlin model C. Support for the Ricardian modal D. Support for the Heckscher-Ohlin model...

In autarky the relative price of wine, in terms of beer, in Country B is ?

A. 1W = 3B B. 1W = 4 1/2B C. 1W = 5B D. 1W = 6B...