According to H-O theory, International trade is, but a pecial case of -------trade.
A) Inter-state
B) Intra state
C) Intra-Country
D) Inter-regional
Correct Answer:
Verified
Q8: Comparative Advantage is expressed in -------
A)Absolute Cost
B)Variable
Q9: England 1 unit wine =1/2unit cloth, Portugal
Q10: Comparative Advantage theory is based on -------value
A)Cost
Q11: No change in technology, no transport cost,
Q12: If a country enjoys an absolute advantage
Q14: H-o Theory s based on value theory.
A)Partial
B)Semi-partial
C)General
D)Semi-General
Q15: H-O Theory is a -------model
A)1 X 1
Q16: Commodity Y is Capital intensive if -------
A)Ky
Q17: If,England 1 wine = 1/2 cloth and
Q18: If Commodity Y requres 2 units of
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