That identical godos should cost the same in all nations, assuming tis costless to ship godos between nations and there are no barriers to trade, is a reflection of the:

Related MCQs

• 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.
• If a nations terms of trade is ½ its trade partners terms of trade is
• Nontariff trade barriers could include all of the following except
• The trade theory that states that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports is called
• Which among the following best explains the difference between Trade in Invisibles and merchandise trade?
• The H O theory postulates that as a result of trade the differences in factor prices between nations
• Adam Smith identified the basic reason for trade between two nations as
• international trade refers to trade between
• If there is an increase in the trade deficit, there must be