Abundance of a factor makes it
A) Easy
B) More
C) Expensive
D) Cheap
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
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 <
Q24: r1 / w1 < r2 / w2
Q25: The rate at which goods are exchangeed
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