In his empirical tests, Wassily Leontief used an input-output table to ?

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...

Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?

A. Theory of factor endowments B. Theory of overlapping demands C. Economies of scale theory D. Product life cycle theory...

The trade model of the Swedish economies Heckscher and Ohlin maintains that ?

A. Absolute advantage determines the distribution of the gains from trade B. Comparative advantage determines the distribution of the gains from trade C. The division of labor is limited by the size of the world market D. A country exports goods for which its resource endowments are most suited...

One of the predictions of the Heckscher-Ohlin model is that ?

A. countries with different factor endowments but similar technologies and preferences will have a strong basis for trade with each other B. countries with tend to specialize but not completely in their comparative advantage good C. reciprocal demand leads to an equilibrium terms of trade by inducing change in both demand and supply D. All … One of the predictions of the Heckscher-Ohlin model is that ?Read More...