According to the H-O model,trade reduces international differences in:
A) relative but not absolute factor prices
B) absolute but not relative factor prices
C) both relative and absolute factor prices
D) neither relative nor absolute factor prices
Correct Answer:
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Q1: In the H-O model,international trade is based
Q3: When w/r falls,L/K
A)falls in the production of
Q4: The Leontief paradox refers to the empirical
Q5: The H-O model is a simplification of
Q6: For factor reversal to occur,two commodities must
Q7: From empirical studies,we conclude that the H-O
Q8: With equal technology nations will have equal
Q9: Which is not an assumption of the
Q10: A difference in relative commodity prices between
Q11: A nation is said to have a
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