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

Related Mcqs:

According to the factor endowment model of Heckscher and Ohlin, countries heavily endowed with land will ?

A. Devote excessive amounts of resources to agricultural production B. Devote insufficient amounts of resources to agricultural production C. Export products that are land-intensive D. Import products that are land-intensive...

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

A. calculate the capital and labor required to produce $1 million of U.S exports and imports B. calculate the labor productivity of America workers relative to foreign workers C. calculate the capital productivity of American capital relative to foreign capital D. All of the above...

_____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?

A. Paul Samuelson’s B. Wolfgang Stolpher’s C. Staffan Linder’s D. Wassily Leontief’s...

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 ?

A. increased B. Decreased C. Not changed D. Any of the above...

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...