Which of the following is most unlikely to lead to a reversal of a country's trade pattern?
A) Growth in the country's endowment of the input that is initially scarce
B) A proportionate increase in output in all the sectors of the economy
C) International diffusion of technology
D) Shifting tastes of the country's consumers
Correct Answer:
Verified
Q32: Which of the following refers to individual
Q33: Technology-based comparative advantage:
A)can help explain how the
Q34: Large countries are _ susceptible to immiserizing
Q35: The figure given below shows a shift
Q36: In Heckscher-Ohlin theory, differences in _ across
Q38: _ first presented the product cycle hypothesis.
A)Adam
Q39: Which of the following conditions is NOT
Q40: When economic growth in a large country
Q41: Both the Heckscher-Ohlin theory and comparative advantage
Q42: The impact of economic growth on a
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