Question: A situation where one commodity is capital intensive in one country and labourintensive in another country is called A. opportunity cost B. factor price equalization C. leontiff paradox D. faction intensity reversal Answer» d. faction intensity reversal Note: The…

Question: The analysis method used in Leontief’s study A. factor price equalization theorem B. double entry book keeping system C. input – output analysis D. none of the above Answer» c. input – output analysis Note: The above multiple-choice question…

Question: Factor endowment theory is also known as A. heckcher ohlin theory B. limit pricing theory C. labour theory of value D. opportunity cost theory Answer» a. heckcher ohlin theory Note: The above multiple-choice question is for all general and…

Question: Product transformation curve is also called A. production indifference curves B. production possibility frontier C. isoquants D. all the above Answer» b. production possibility frontier Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: Who reoriented comparative advantage theory? A. adam smith B. j m keynes C. haberler D. karl marx Answer» c. haberler Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: Haberler reconstituted comparative advantage theory on the basis of ____ A. opportunity cost theory B. labour theory of value C. money D. non of the above Answer» a. opportunity cost theory Note: The above multiple-choice question is for all…

Question: India is NOT a _____ abundant nation A. labour B. capital C. human capital D. natural resources Answer» b. capital Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: SDR is the official currency of A. imf B. world bank C. un D. non of the above Answer» a. imf Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: According to Rybczyski theorem commodity price should be A. constant B. increasing C. decreasing D. either increasing or decreasing Answer» a. constant Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: According to HO Model, India should import ______ abundant goods A. labour B. capital C. human capital D. natural resources Answer» a. labour Note: The above multiple-choice question is for all general and Competitive Exams in India.