Doubling only the amount of L available under constant returns to scale:
A) less than doubles the output of the L-intensive commodity
B) more than doubles the output of the L-intensive commodity
C) doubles the output of the K-intensive commodity
D) leaves the output of the K-intensive commodity unchanged
Correct Answer:
Verified
Q1: Dynamic factors in trade theory refer to
Q2: Doubling the amount of L and K
Q3: Doubling L is likely to:
A)increases the relative
Q5: The Rybczynski theorem postulates that doubling L
Q6: A 50 percent productivity increase in the
Q7: Doubling L with trade in a small
Q8: A proportionately greater increase in the nation's
Q9: Technical progress that increases the productivity of
Q10: Doubling K with trade in a large
Q11: An increase in tastes for the import
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