Factor intensity is measured in -------terms
A) Absolute Cost
B) Factor ratios
C) Relative Cost
D) Frequency of capital labor
Correct Answer:
Verified
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
Q20: Total amount of labor in Nation 1
Q21: Factor abundance can be explained using
A)Demand curve
B)Supply
Q22: A nation is capital abundant if
A)PK1/PL1 <
Q23: Abundance of a factor makes it
A)Easy
B)More
C)Expensive
D)Cheap
Q24: r1 / w1 < r2 / w2
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