The implication of resources being mobile domestically is
That:
A) there is often unemployment.
B) capital and land are often not suited for use in other industries.
C) labor and capital are paid the same wage and rental price in all domestic industries.
D) they lose the chance to become guest workers in other nations.
Correct Answer:
Verified
Q7: The HeckscherOhlin theorem explains patterns of trade
Between
Q8: Which of the following statements is TRUE?
A)The
Q9: The HeckscherOhlin model assumes that technology in
Each
Q10: The HeckscherOhlin Model assumes that:
A)factor endowments are
Q11: The HeckscherOhlin model assumes that the factors
Q13: The HeckscherOhlin model simplifies the analysis by
Assuming:
A)there
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
Q21: If agriculture is a capital-intensive industry in
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