The term 'factor intensity' refers to
A) The relative proportion of two commodities produced in a given period
B) The relative amount of resources each country possesses
C) The relative proportion of various factors of production used to produce a commodity
D) None of the above
Correct Answer:
Verified
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
Q13: Relative factor abundance in H-O theory of
Q14: The slope of the production possibility curve
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
Q19: Which factor does not influence terms of
Q20: Gains from trade depends on
A)Relative strength of
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