If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher-Ohlin model, we predict that Gambinia will export

A) labor-intensive goods.
B) capital-intensive goods.
C) both capital- and land-intensive goods.
D) land-intensive goods.
E) both labor- and land-intensive goods.

A

Economics

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Assume that the growth rate of real GDP in Astoria is 7.5%. Assume the growth rate of velocity is 0%

If Astoria's current annual inflation rate of 5.99%, the growth rate of the money supply will be A) -1.51%. B) 1.51%. C) 5.99%. D) 13.49%.

Economics

For this question, assume that expected inflation is zero. In this situation, we know that

A) the nominal and real interest rates are equal. B) the nominal interest rate will exceed the real interest rate. C) the real interest rate will exceed the nominal interest rate. D) the real interest will be zero. E) the real interest rate is negative.

Economics