In order to analyze migration in the long run, it is appropriate to use:
a. the specificfactors model with free movement of labor across borders.
b. the HeckscherOhlin model with free movement of labor across borders.
c. the Ricardian model with no movement of labor across borders.
d. the PPF modified for three goods, three factors of production (all fixed), and three nations.
Ans: b. the HeckscherOhlin model with free movement of labor across borders.
You might also like to view...
Explain how selling costs influence a firm's cost curves and its average total cost
What will be an ideal response?
The International Monetary Fund, one of the Bretton Woods Institutions,
(a) was meant to provide short-term credit. (b) was meant to provide long-term credit. (c) was meant to provide both short- and long-term credit. (d) was not meant to provide credit.