A nation is said to have a relative abundance of K if it has a:
A) greater absolute amount of K
B) smaller absolute amount of L
C) higher L/K ratio
D) lower r/w
Correct Answer:
Verified
Q5: The H-O model is a simplification of
Q6: For factor reversal to occur,two commodities must
Q7: From empirical studies,we conclude that the H-O
Q8: With equal technology nations will have equal
Q9: Which is not an assumption of the
Q10: A difference in relative commodity prices between
Q12: The H-O model extends the classical trade
Q13: We say that commodity Y is K-intensive
Q14: The H-O model is a general equilibrium
Q15: According to the H-O model,international trade will:
A)reduce
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