Which of the following statements is CORRECT?
A) The HO model assumes that all resources can freely move between industries.
B) The specificfactors model assumes that all resources can freely move between industries.
C) Both the HO and the specificfactor models assume that all resources can freely move between industries.
D) Neither the HO nor the specificfactor model assumes that all resources can freely move between industries.
Correct Answer:
Verified
Q14: In the text, which of the following
Q15: A longrun model of trade basic to
Q17: In a capital-intensive industry, the labor-capital ratio
Q18: The HeckscherOhlin model assumes that factors of
Production
Q20: Suppose that country 1 is capital abundant
Q21: If agriculture is a capital-intensive industry in
Q21: Suppose that the United States and China
Q22: According to the text, identical technologies are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents