Podcast
Questions and Answers
According to the Heckscher-Ohlin theory, how many factors of production are considered in the model?
According to the Heckscher-Ohlin theory, how many factors of production are considered in the model?
- Five
- Two (correct)
- Four
- Three
What is the basis of comparative advantage in the context of international trade?
What is the basis of comparative advantage in the context of international trade?
- Technological advancements
- Similarities in factor endowments across nations
- Government subsidies
- Differences in factor endowments across nations (correct)
In the Heckscher-Ohlin theory, how many goods are considered in the model?
In the Heckscher-Ohlin theory, how many goods are considered in the model?
- Two (correct)
- Four
- Five
- Three
How does international trade impact relative factor prices within and across nations?
How does international trade impact relative factor prices within and across nations?
According to the Heckscher-Ohlin theory, what is assumed about the technology in both nations?
According to the Heckscher-Ohlin theory, what is assumed about the technology in both nations?
According to the Heckscher-Ohlin theory, how many nations are considered in the model?
According to the Heckscher-Ohlin theory, how many nations are considered in the model?
What is assumed about the technology in both nations in the Heckscher-Ohlin theory?
What is assumed about the technology in both nations in the Heckscher-Ohlin theory?
In the Heckscher-Ohlin theory, how many factors of production are considered in the model?
In the Heckscher-Ohlin theory, how many factors of production are considered in the model?
How does international trade impact relative factor prices within and across nations according to the Heckscher-Ohlin theory?
How does international trade impact relative factor prices within and across nations according to the Heckscher-Ohlin theory?
What is the basis of comparative advantage in the context of international trade according to the Heckscher-Ohlin theory?
What is the basis of comparative advantage in the context of international trade according to the Heckscher-Ohlin theory?
