Current and capital accounts are examples of

Related MCQs

• If { } > { } when K= capital and L= labour, Pk is price of capital and Pl is price of labour and A and B are countries then
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• If { } > { } when K= capital and L= labour, and A and B are countries then
• If { } > { } when K= capital and L= labour, and A and B are countries then
• 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.
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• A situation where one commodity is capital intensive in one country and labour intensive in another country is called
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