Which of the following would not be predicted by the Hecksher-Ohlin theorem?
A) the US should export capital-intensive and technology-intensive goods
B) India should export labor-intensive goods
C) Canada should have a comparative advantage in forestry
D) Kuwait should specialize in the production of oil
E) Central African Republic should have a comparative advantage in fisheries
Correct Answer:
Verified
Q1: Suppose there are three nations (North,South,and East)
Q3: The next questions refer to the following.
Suppose
Q4: On average,over the last 50 years or
Q5: If a country exports $1 billion worth
Q6: According to the Hotelling Rule,the price of
Q7: The idea that efficient producers can benefit
Q8: Which of the following is not an
Q9: Applied to trade in two goods between
Q10: The largest exporter of goods and services
Q11: As a general rule,
A) large economies tend
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