Dynamic comparative advantage theory ?

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...

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

A. Devote excessive amounts of resources to agricultural production B. Devote insufficient amounts of resources to agricultural production C. Export products that are land-intensive D. Import products that are land-intensive...

Wassily Leontief’s results can be interpreted as ?

A. evidence against the Ricardi an model B. evidence against the Heckscher-Ohl in model C. support for the Ricardian model D. support for the Heckcher Ohlin model...

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...

In his empirical test of comparative advantage Wassily Leontief found that ?

A. U.S exports are capital intensive relative to U.S imports B. U.S imports are labor intensive relative to U.S exports C. U.S exports are neither labor nor capital intensive D. None of the above...