Answer the following statements true (T) or false (F)
1.According to Ricardian theory, comparative advantage depends on relative differences in labor productivity.
2.The Heckscher-Ohlin theory asserts that relative differences in labor productivity underlie comparative advantage.
3.The factor-endowment theory highlights the relative abundance of a nation's resources as the key factor underlying comparative advantage.
4.According to the factor-endowment theory, a country will export that good which intensively uses the country’s relatively scarce resource.
5.According to the factor-endowment theory, a country will import that good which intensively uses the country’s relatively abundant resource.
1.True
2.False
3.True
4.False
5.False
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When would a writer choose to use a passive voice?
A) When placing blame or giving credit B) When creating an impersonal tone C) When there is a need for strong sentence structure D) When there is a need for writing that is direct and lively E) When there is a desire to make the writing easier to read
Blogs can also provide an avenue for a company to obtain consumer reaction to the research findings as well as their feedback on the decisions made and actions taken by the company based on the research findings
Indicate whether the statement is true or false
The cost of doing business is also known as
a. a liability. b. an expense. c. revenue. d. an asset.
On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows: Forward Rate for Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76 $1.78 €1=$1.40 $1.42 December 31, 20X8£1= 1.73 1.74 €1= 1.38 1.40 February 1, 20X9£1= 1.75 €1= 1.41 Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the net gain or loss on the euro speculative contract?
A. $6,000 gain B. $3,000 loss C. $8,000 gain D. $1,000 loss