The H-O model is a simplification of a truly general equilibrium model because it deals with:
A) two nations
B) two commodities
C) two factors of production
D) all of the above
Correct Answer:
Verified
Q1: In the H-O model,international trade is based
Q2: According to the H-O model,trade reduces international
Q3: Which of the following situations would violate
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
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents