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MCQs: That the division of labor is limited by the size of the market best applies to which explanation of trade ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: _____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: For the United States empirical studies indicate that over the past two hundred years the cost of international transportation relative to the value of U.S imports has ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The trade model of the Swedish economies Heckscher and Ohlin maintains that ?
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MCQs: Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?
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MCQs: The factor endowment model of international trade was developed by ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Interindustry trade can be explained by all of the following except ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: A product will be traded only if the pre-trade price difference between the two countries ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?
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MCQs: The factor endowment theory was pioneered by ?
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MCQs: Wassily Leontief’s results can be interpreted as ?
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MCQs: Leontief’s result were considered paradoxical because the United Stated was believed to be ?
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MCQs: In his empirical tests, Wassily Leontief used an input-output table to ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Wassily Leontief used an input output table in order to test the ?
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MCQs: The Heckscher-Ohlin theorem states that a country will have comparative advantage in the good whose production in relatively intensive in the with which the country is relatively abundant ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: By reducing the volume of trade transportation costs tend to ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The analyzes the income distribution effects of trade in the short run when resources are immobile among industries ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The comparative advantage model of Ricardo was based on ?
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MCQs: According to the Heckscher-Ohlin model the source of comparative advantage is a country’s ?
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MCQs: Difference in environmental standards or other government regulations among nations ?
Category: Economics Mcqs, Published by: teswesm
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