Relative factor abundance in H-O theory of trade can be defined in terms of
A) The physical & price criterion of relative factor abundance(and the price criterion of relative factor abundance
B) Perfect mobility of factors of production
C) Production governed by increasing returns to scale
D) Similar factor intensities
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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
Q11: The H-O theory assumed the prevalence of
A)Monopolistic
Q12: The production possibility curve represents
A)The supply side
B)The
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
Q17: If a country has favourable terms of
Q18: The income terms of trade is
A)The net
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