The product cycle theory of trade is essentially a ?

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...

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...

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...

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...

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...