What is the right statement on Hecksher-Ohlin Theorem?
a. Hecksher-Ohlin theory can be extended multi-countries, multi-sectors, multi-factors.
b. Hecksher-Ohlin theory can only be extended into multi-factors case.
c. Hecksher-Ohlin theory can only be extended into multi-goods case.
d. Hecksher-Ohlin theory can not be extended beyond two-country, two-sector, two-factor model
e. Hecksher-Ohlin theory can only be extended into multi-countries case.
a. Hecksher-Ohlin theory can be extended multi-countries, multi-sectors, multi-factors.
You might also like to view...
The "invisible hand" refers to the notion that
A) competitive markets send resources to their highest valued uses. B) government intervention is necessary to ensure efficiency. C) marginal benefit decreases as more is consumed. D) marginal cost increases as more is produced. E) no matter what allocation method is used, the resulting production is efficient.
If a 5 percent increase in income leads to a 15 percent increase in the quantity demanded of a service, then the income elasticity of demand for that service equals 0.33
a. True b. False
Identify the correct statement.
A. If a country is likely to be buffeted mainly by internal shocks, the country should choose a fixed exchange rate. B. The effects of shocks under floating exchange rates depend on whether interventions are sterilized. C. International trade shocks can be countered by adopting a fixed exchange rate that helps to improve the price competitiveness of the country's products. D. International capital-flow shocks are likely to be less disruptive under fixed exchange rates.
Refer to the information provided in Table 24.5 below to answer the question(s) that follow.Table 24.5All Numbers are in $ Million
Refer to Table 24.5. The MPC in this economy is ________ and the MPS is ________.
A. 0.5; 0.5 B. 0.9; 0.1 C. 0.8; 0.2 D. 0.7; 0.5