The factor endowment theory was pioneered by ?
A. Adam smith
B. David Ricardo
C. Wassily Leontief
D. Eli Heckscher and Bertil Ohlin
Wassily Leontief’s results can be interpreted as ?
Wassily Leontief’s results can be interpreted as ?
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
Leontief’s result were considered paradoxical because the United Stated was believed to be ?
Leontief’s result were considered paradoxical because the United Stated was believed to be ?
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
In his empirical tests, Wassily Leontief used an input-output table to ?
In his empirical tests, Wassily Leontief used an input-output table to ?
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
Wassily Leontief used an input output table in order to test the ?
Wassily Leontief used an input output table in order to test the ?
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
The Heckscher-Ohlin theorem states that a country will have comparative advantage in the good whose production in relatively intensive in the with which the country is relatively abundant ?
The Heckscher-Ohlin theorem states that a country will have comparative advantage in the good whose production in relatively intensive in the with which the country is relatively abundant ?
A. tastes
B. technology
C. factor/resource
D. opportunity cost
By reducing the volume of trade transportation costs tend to ?
By reducing the volume of trade transportation costs tend to ?
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
The analyzes the income distribution effects of trade in the short run when resources are immobile among industries ?
The analyzes the income distribution effects of trade in the short run when resources are immobile among industries ?
A. Stolpher-Samuelson theory
B. factor endowment theory
C. specific factors theory
D. overlapg demand theory
The comparative advantage model of Ricardo was based on ?
The comparative advantage model of Ricardo was based on ?
A. intraindustry specialization and trade
B. interindustry specialization and trade
C. demand conditions underlying specialization and trade
D. income conditions underlying specialization and trade
According to the Heckscher-Ohlin model the source of comparative advantage is a country’s ?
According to the Heckscher-Ohlin model the source of comparative advantage is a country’s ?
A. technology
B. advertising
C. factor endowments
D. both (a) and (c)