Which of the following situations would violate the assumptions of the H-O model?
A) Doubling all inputs doubled the production of all outputs.
B) Nation 1 has technology that is different from Nation 2.
C) Nation 1's trade is balanced.
D) Nation 2 does not completely specialize in either good.
Correct Answer:
Verified
Q1: In the H-O model,international trade is based
Q2: According to the H-O model,trade reduces international
Q5: The H-O model is a simplification of
Q6: International trade will _ the price of
Q6: For factor reversal to occur,two commodities must
Q9: Which is not an assumption of the
Q10: A difference in relative commodity prices between
Q11: The economist who rigorously proved the factor-price
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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