International Business Opportunities and Challenges Study Set 1
Quiz 2 :
International Trade and Foreign Direct Investment
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Q37 Q37 Q37
In the early 1950s, the United States was abundant in capital and, therefore, should have been exporting more capital-intensive goods.However, contrary to the factor proportions theory, the United States was importing more capital-intensive goods and exporting labor-intensive goods.This is an example of: