The H-O theory assumed the prevalence of
A) Monopolistic forms of market
B) Perfect competition
C) Oligopolistic forms of market
D) Monopoly
Correct Answer:
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Q6: The opportunity cost theory considers
A)Labour as the
Q7: The Comparative theory of international trade is
Q8: The H-O theory of international trade was
Q9: Community indifference curves have the same characteristics
Q10: The factor price ratio(PC/PL)A < (PC/PL)B of
Q12: The production possibility curve represents
A)The supply side
B)The
Q13: Relative factor abundance in H-O theory of
Q14: The slope of the production possibility curve
Q15: The term 'factor intensity' refers to
A)The relative
Q16: The fundamental reason why different countries involve
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