Total amount of labor in Nation 1 is greater than labor in nation 2 if
A) TK1 /TL1 > TK2 /TL2
B) TK1 / TL1 < TK2 /TL2
C) TK1 /TL1 = TK2/TL2
D) TL1 > TL2
Correct Answer:
Verified
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
Q19: Factor intensity is measured in -------terms
A)Absolute Cost
B)Factor
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
Q25: The rate at which goods are exchangeed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents