The Heckscher-Ohlin Theorem predicts
A) who benefits and who loses from trade.
B) which factors are abundant.
C) the income distribution effects of trade.
D) which goods will be exported.
E) the importance of intraindustry trade.
D
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Which/who of the following was NOT an opponent to rechartering either the First or the Second Banks of the United States?
(a) Andrew Jackson (b) Private banks (c) Nicholas Biddle (d) Rural interests
When the market price is set below the equilibrium price:
A. the market is not efficient. B. total surplus is not maximized. C. producer surplus is decreased. D. All of these are true.
Which of the following did not result in economic growth?
a. Installing a network of irrigation ditches and pumping stations in order to grow fruits and vegetables in parts of southern California b. Cyrus McCormack inventing a threshing machine for harvesting grains c. After World War II, the U.S. instituting the GI bill, which provided education subsidies to soldiers being released from service duty d. Many citizens emigrating from a nation when a politically repressive regime takes office
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher