For the United States empirical studies indicate that over the past two hundred years the cost of international transportation relative to the value of U.S imports has ?

Related Mcqs:

The Heckscher-Ohlin theory explains comparative advantage as the result of differences in countries ?

A. Economies of large-scale production B. Relative abundance of various resources C. Relative costs of labor D. Research and development expenditures...

The analyzes the income distribution effects of trade in the short run when resources are immobile among industries ?

A. Stolpher-Samuelson theory B. factor endowment theory C. specific factors theory D. overlapping demand theory...

The Heckscher-Ohlin theorem states that a country will have comparative advantage in the good whose production in relatively intensive in the with which the country is relatively abundant ?

A. tastes B. technology C. factor/resource D. opportunity cost...

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...