According to HO Model, India should import ______ abundant goods

Related 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.
• If relatively capital-abundant country A opens trade with relatively labor- abundant country B an the trade takes place in accordance with the Heckscher-Ohlin Theorem. What would be the consequence for factor prices (w/r) in the two countries?
• Countries H and F operate in an H-O world. Each country produces two goods, A and B. Good A is relatively capital intensive and country F is relatively labor abundant. Suppose however, that the production technology is not the same in the two countries. That is, H has a superior technology of production compared to F.
• India is NOT a _____ abundant nation
• The curve that shows howmuch of its import commodity a nation requires in exchange for various quantities of its export commodity is
• __________ are profits that accrue to whomever has the right to import the good that is restricted by the quota.
• The home-country government can confiscate the revenue effect of an import quota if
• A production subsidy that is granted to a producer of an import-competing good
• A sudden shift from import tariffs to free trade may induce short-term unemployment in:
• Suppose the government grants a subsidy to domestic producers of an import-competing good. The subsidy tends to result in deadweight losses for the domestic economy in the form of the: