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

Related Mcqs:

Should international transportation costs decrease the effect on international trade would include a (an) ?

A. increase in the volume of trade B. Smaller gain from trade C. Decline in the income of home producers D. Decrease in the level of specialization in production...

Intra-industry trade theory ?

A. Explains why the United States might export autos and import clothing B. Explains why the United States might export and import differentiated versions of the same product such as different types of autos C. Assumes that transport costs are very low or do not exist D. ignores seasonal considerations for agricultural goods...

The factor endowment theory was pioneered by ?

A. Adam smith B. David Ricardo C. Wassily Leontief D. Eli Heckscher and Bertil Ohlin...

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...

By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?

A. The prices of trade goods to be lower than when there are no transportation costs B. specialization to stop when the production costs of the trading partners equalize C. The volume of trade to be less than when there are no transportation costs D. The gains from trade to be greater than when there … By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?Read More...