According to Heckscher and Ohlin, each country has certain ______, such as land, labor, and capital.
Fill in the blank(s) with the appropriate word(s).
factor endowments
You might also like to view...
What is the key feature shared by all oligopoly markets?
a. A large number of sellers. b. Mutual interdependence. c. Product differentiation. d. Easy entry and exit.
Economist C believes that if tax rates are cut, tax revenue is likely to remain constant. This economist most likely believes that the percentage decrease in tax rates will ______________________________ percentage rise in the tax base
A) be larger than the resulting B) be equal to the resulting C) be smaller than the resulting D) occur long after the E) a and d
Refer to Figure 36.4 for the dollar-yen foreign exchange market. A decrease in demand from D1 to D2 could have been caused by
A. An increase in the number of Japanese visitors to the United States. B. A quota placed on Japanese television imports to the United States. C. A poor performance by the Japanese stock market compared to the U.S. stock market. D. A decrease in the demand for U.S. computers.
Which of the following statements is true?
A. People regard human life as priceless when making choices involving risk. B. Economists calculate the value of life on the basis of the cost of dying. C. Only economists behave as if life has a finite value. D. People make decisions every day that reflect the valuations they place on their own lives.