H-O Theory is a -------model
A) 1 X 1 X 1
B) 2 X 2 X 2
C) 3 X 3 X 3
D) 4 X 4 X 4
Correct Answer:
Verified
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
Q13: According to H-O theory, International trade is,
Q14: H-o Theory s based on value theory.
A)Partial
B)Semi-partial
C)General
D)Semi-General
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
Q19: Factor intensity is measured in -------terms
A)Absolute Cost
B)Factor
Q20: Total amount of labor in Nation 1
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