The Rybczynski theorem postulates that doubling L at constant relative commodity prices:
A) doubles the output of the L-intensive commodity
B) reduces the output of the K-intensive commodity
C) increases the output of both commodities
D) reduces the output of both commodities
Correct Answer:
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Q1: The capital to labor ratios of countries
Q2: Empirical studies have generally shown that most
Q3: Doubling L is likely to:
A)increases the relative
Q4: Doubling only the amount of L available
Q5: If,at unchanged terms of trade,a nation wants
Q6: Dynamic factors in trade theory refer to
Q7: Doubling L with trade in a small
Q9: In the absence of trade,technical progress
A) tends
Q11: An increase in tastes for the import
Q11: Technical progress is usually classified into all
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