In Heckscher-Ohlin model, factor abundance have been defined in two terms. Those are
A) Price and location criteria
B) Physical and location criteria
C) Price and physical criteria
D) None of the above
Correct Answer:
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Q11: The basis of trade between countries lies
Q12: The absolute advantage theory of international trade
Q13: Trade between nations occur due to
A)Difference in
Q14: Adam Smith propounded the theory of
A)Comparative cost
B)Opportunity
Q15: David Ricardo propounded theory of
A)Law of reciprocal
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Q18: Heckscher-Ohlin theory of international trade is based
Q19: The main objective of international trade is
A)To
Q20: Import quota implies
A)Physical limitation of quantities of
Q21: According to Heckscher-Ohlin theory as a result
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