Commodity Y is Capital intensive if -------
A) Ky / Ly = Kx / Lx
B) Ky / Ly < Kx /Lx
C) Ky /Ly > Kx / Lx
D) Ky > Kx
Correct Answer:
Verified
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
Q15: H-O Theory is a -------model
A)1 X 1
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
Q21: Factor abundance can be explained using
A)Demand curve
B)Supply
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