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.
D
You might also like to view...
Sarah consumes pizzas and hamburgers. The price of a hamburger is $1 and the marginal utility from her last hamburger is 5. Let Pp be the price of a pizza and MUp be the marginal utility of pizzas
In consumer equilibrium, the ratio MUp/Pp for Sarah's last pizza must equal A) 0.2. B) 1.0. C) 5.0. D) infinity.
The drop in unemployment from over 11 percent in 1939 to roughly 1 percent in 1944:
a. has been attributed by Keynesians as a validation of larger deficits as a solution to unemployment. b. has been attributed by Monetarists as a validation that a large increase in the money supply would cure the depression. c. has been acknowledged as a success in Keynesian policies, with the caveat that inflation was only averted through price controls. d. All of the above are correct.
The usage of computers on a large scale facilitated widespread changes in organizations in the twentieth century. Given this, which of the following statements will be true?
a. The LRAC of a firm operating with the old organizational structure is likely to be lower than the firms with the new structure. b. After adopting a new organizational structure that can effectively manage large-scale operations, a firm is likely to have lower LRAC whose minimum is at a higher output. c. The LRAC of a firm with a new organizational structure will be higher and to the right of a firm operating with the old organizational structure. d. After adopting a new organizational structure that can effectively manage large-scale operations, a firm's LRAC is likely to shift downward to the left.
An arbitrary preference by an employer for one group of workers over another is termed:
A. employer discrimination. B. statistical discrimination. C. customer discrimination. D. employee discrimination.