With equal technology nations will have equal K/L in production if:
A) factor prices are the same
B) tastes are the same
C) production functions are the same
D) all of the above
Correct Answer:
Verified
Q3: When w/r falls,L/K
A)falls in the production of
Q4: The Leontief paradox refers to the empirical
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
Q9: Which is not an assumption of the
Q10: A difference in relative commodity prices between
Q11: A nation is said to have a
Q12: The H-O model extends the classical trade
Q13: We say that commodity Y is K-intensive
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