A. Adam smith
B. David Ricardo
C. Wassily Leontief
D. Eli Heckscher and Bertil Ohlin
The factor endowment theory was pioneered by ? Read More »
Economics Mcqs, Sources of Comparative Advantage A. evidence against the Ricardi an model
B. evidence against the Heckscher-Ohl in model
C. support for the Ricardian model
D. support for the Heckcher Ohlin model
Wassily Leontief’s results can be interpreted as ? Read More »
Economics Mcqs, Sources of Comparative Advantage A. technologically efficient relative to the rest of the world
B. capital abundant relative to the rest of the world
C. labor abundant relative to the rest of the world
D. All of the above
A. calculate the capital and labor required to produce $1 million of U.S exports and imports
B. calculate the labor productivity of America workers relative to foreign workers
C. calculate the capital productivity of American capital relative to foreign capital
D. All of the above
In his empirical tests, Wassily Leontief used an input-output table to ? Read More »
Economics Mcqs, Sources of Comparative Advantage A. Ricardian theory of comparative advantage
B. Heckscher Ohl in theory of comparative advantage
C. Linder theory of overlapg demand
D. All of the above
Wassily Leontief used an input output table in order to test the ? Read More »
Economics Mcqs, Sources of Comparative Advantage A. tastes
B. technology
C. factor/resource
D. opportunity cost
A. stop the process of product price equalization and factor price equalization before they are complete:
B. ensure that the process of product price equalization and factor price equalization are complete
C. eliminate all of the feasible gains from international trade
D. maximize all of the feasible gains from international trade
By reducing the volume of trade transportation costs tend to ? Read More »
Economics Mcqs, Sources of Comparative Advantage A. Stolpher-Samuelson theory
B. factor endowment theory
C. specific factors theory
D. overlapg demand theory
A. intraindustry specialization and trade
B. interindustry specialization and trade
C. demand conditions underlying specialization and trade
D. income conditions underlying specialization and trade
The comparative advantage model of Ricardo was based on ? Read More »
Economics Mcqs, Sources of Comparative Advantage A. technology
B. advertising
C. factor endowments
D. both (a) and (c)
