What are the assumptions of the Heckscher-Ohlin theorem?
What will be an ideal response?
It assumes that products can be produced using differing proportions of inputs and that inputs are mobile between sectors in each economy, but that factors are not mobile between economies.
Economics
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As the U.S. exchange rate ________, the price of U.S. imports increases and the quantity supplied of dollars ________
A) falls; does not change B) falls; decreases C) rises; increases D) rises; decreases E) falls; increases
Economics
If it took 20 years for real GDP to double, what was the growth rate of real GDP?
A) 4.5 percent B) 3.0 percent C) 3.5 percent D) 4 percent E) 5 percent
Economics