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

Related Mcqs:

According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have ?

A. similar endowments of natural resources B. similar levels of technology C. similar per-capita incomes D. similar wage levels...

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...

According to the Heckscher-Ohlin model ?

A. everyone automatically gains from trade B. The gainers from trade outnumber the losers from trade C. The scarce factor necessarily gains from trade D. None of the above...