Tests of the Heckscher-Ohlin model by Bowen, Leamer, and Sveikauskas and by Maskus continue to
A) provide strong support for the theory.
B) provide weak support for the theory.
C) provide evidence against the theory.
C
Economics
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Where does the short-run Phillips curve intersect the long-run Phillips curve?
A) at the point where actual inflation is equal to expected inflation B) at the point where the rate of inflation and the unemployment rate are equal C) at the natural rate of inflation D) There is no intersection between the short-run and long-run Phillips curves.
Economics
The real wage equals the nominal wage ________ the CPI, all times 100
A) divided by B) times C) minus D) plus
Economics