By reducing the volume of trade transportation costs tend to ?

Related Mcqs:

The theory of overlapping demand predicts that trade in manufactured goods is unimportant for countries with very different ?

A. Tastes and preferences B. Expectations of future interest rate levels C. Per-capita income levels D. Labor productivities...

Leontief’s result were considered paradoxical because the United Stated was believed to be ?

A. technologically efficient relative to the rest of the world B. capital abundant relative to the rest of the world C. labor abundant relative to the rest of the world D. All of the above...

Dynamic comparative advantage theory ?

A. helps explain why some nations use industrial policy to support potentially competitive new firms B. cannot explain strategic competition between firms such as Boeing and Airbus C. Is another name for Ricardo’s comparative advantage theory? D. None of the above...

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...

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...