The Heckshcer-Ohl assumes that are indentical between countries?

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...

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...

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...

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...