According to the Heckscher-Ohlin model

Related MCQs

• The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former
• The Heckscher-Ohlin model rules out the classical model’s basis for trade by assuming that________ is (are) identical between countries.
• One way in which the Heckscher-Ohlin model differs from the Ricardo model of comparative advantage is by assuming that __________ is (are) identical in all countries.
• As opposed to the Ricardian model of comparative advantage, the assumption of diminishing returns in the Heckscher-Ohlin model means that the probability is greater that with trade
• According to HO Model, India should import ______ abundant goods
• A nation engaging in trade according to the Ricardian model will find its consumption bundle
• According to the factor endowment model of Heckscher and Ohlin, countries heavil y endowed with land will:
• According to the Heckscher-Ohlin model, the source of comparative advantage is a country’s:
• According to the Heckscher - Ohlin model, if the United States is richly endowed in human capital relative to Mexico, then as NAFTA increasingly leads to more bilateral free trade between the two countries,
• According to the Heckscher-Ohlin model, the source of comparative advantage is a country's