The specific factors model assumes that there are ________ goods and ________ factor(s) of production.
A) two; two
B) two; one
C) three; two
D) four; three
E) two; three
Correct Answer:
Verified
Q2: A factor of production that cannot be
Q3: In the specific factors model, labor is
Q4: In the four-quadrant diagram of the specific
Q5: In the specific factors model, which of
Q6: In the four-quadrant diagram of the specific
Q7: International trade can have important effects on
Q8: International trade can have important effects on
Q9: Japan's trade policies with regard to rice
Q10: The specific factors model was developed by
A)
Q11: The Ricardian model of international trade demonstrates
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