Hecksher-Ohlin theory states that the relative factor prices in two countries are determined by ________________.
A) labour efficiency
B) capital efficiency
C) technological developments
D) differences in factor endowments
Correct Answer:
Verified
Q2: Ricardian theory assumes that labour is _
Q3: Income terms of trade indicate increased capacity
Q4: An offer curve differs from _.
A)usual demand
Q5: Utility terms of trade was introduced by
Q6: When supply of exports is elastic, a
Q8: _ is not an objective of commercial
Q9: Tariff rate quotas are _
A)based on the
Q10: Which of the following is not a
Q11: A free trade area is a trade
Q12: The _ was signed to create the
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