According to the factor endowment model of Heckscher and Ohlin, countries heavily endowed with land will ?

Related Mcqs:

Difference in environmental standards or other government regulations among nations ?

A. have no impact on patterns of international trade B. have tended to make U.S steel companies more competitive internationally C. can affect production costs and thus alter comparative advantages and trade patterns D. have been eliminated by the nations participating in NAFTA...

Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

XA. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A...

The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?

A. factor endowments B. factor intensities C. technology D. opportunity costs...

Declining costs per unit of output results from international trade especially if ?

A. International trade affords producers monopoly power B. National governments levy imports tariffs and quotas C. Producing goods entails increasing costs D. Economies of scale exist for producers...

According to the factor price equalization theorem, the ________ factor should oppose free. trade policies in any given country?

A. abundant B. scarce C. neither D. can’t tell without more information...