The factor endowment theory was pioneered by ?

Related Mcqs:

Difference in environmental standards or other government regulations among nations ?

A. have no impact on patterns of international trade B. have tended to make U.S steel companies more competitive internationally C. can affect production costs and thus alter comparative advantages and trade patterns D. have been eliminated by the nations participating in NAFTA...

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...

A product will be traded only if the pre-trade price difference between the two countries ?

A. is less than the cost of transporting it between them B. is greater than the cost of transporting it between them equals the cost of transporting it between them C. equals the cost of transporting it between them D. more information in needed to answer this...

Declining costs per unit of output results from international trade especially if ?

A. International trade affords producers monopoly power B. National governments levy imports tariffs and quotas C. Producing goods entails increasing costs D. Economies of scale exist for producers...

Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of ?

A. research and development subsidies B. loan guarantees C. low interest rate loans D. All of the above...