Labor abundant country exports the labor intensive good

Assignment Help Business Economics
Reference no: EM13861543

Based on heckscher online theorem. As a labor abundant country exports the labor intensive good X and imports the capital intensive good y from a capital abundant country.

A. Wage difference between the two countries narrow

B. Difference in returns to capital between the two countries narrow

C. Price difference in good X in the two countries narrow

D. Price difference in good y on the two countries narrow

E. All of above

Reference no: EM13861543

Questions Cloud

Personal assessment of strengths : To prepare for this assignment, make sure to complete the StrengthsFinder quiz located in the back of your book. This will take approximately 30 to 45 minutes. Then, view information about your top five strengths at "Start Here - An Overview of th..
Future value of annuity problem : Future value of annuity problem
Describe growth of economic role of federal goverment : Describe the growth of the economic role of the federal government since the 1930s. Give two examples of public goods or services that you use. If you could order a cut of $100 billion in federal spending, which programs would you cut and why would y..
Conduct a binomial test using the weapontype variable : Conduct a Binomial test using the ‘WEAPONTYPE' variable to test this claim. Produce the relevant output and write a Binomial test report based on your output in the style presented in the course materials.
Labor abundant country exports the labor intensive good : Based on heckscher online theorem. As a labor abundant country exports the labor intensive good X and imports the capital intensive good y from a capital abundant country.
Which inter-cultural issues noted in the country : Which inter-cultural issues noted in the Country Insights database help to explain differences (if any) in Power Distance among the four countries? What are some of the differences
Pros and cons of having a high cigarette excise tax : If a political candidate said that if she were elected to Congress, she would work toward cutting federal government spending by one-third over the next four years, would she stand much chance of fulfilling her promise? Why or why not? Discuss the pr..
Describe the elements of the fraud triangle : Describe the elements of the fraud triangle
Representative consumers preferences change : Suppose that the representative consumer's preferences change, in that his or her marginal rate of substitution of leisure for consumption increases for any quantities of consumption and leisure. Explain what this change in preferences means in more ..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Explain why there is blurry line dividing objects

Explain why there is a blurry line dividing objects that are money from those that are not. Give examples of some clear-out cases and some borderline ones. Could the position of this blurry line change over time?

  Certain remodeling work

Ace contracted with Jones to do certain remodeling work on the building owned by Jones. Jones supplied the specifications for the work. The contract price was $70,000. After the work was completed, Jones was dissatisfied and had Clay, an expert, comp..

  How do you think this would affect us output

The U.S. Constitution bans states from restricting imports of goods and services from other states. Suppose this restriction did not exist and that states were allowed to limit imports of goods and services produced in other states. How do you think ..

  About shift of the demand curve in each case

Suppose that the income of the average Canadian household increases because a larger percentage of women enter the labour force. What do you think will happen to demand for the following products or services? What does your answer imply about income ..

  Explain how would you design a specific customized

Explain how would you design a specific customized compensation plan for Agent-Principal.

  The inverse demand curve for widgets

The inverse demand curve for widgets is P = 130−2Q. There are two firms, A and B, who produce wid-gets. Each firm has a constant marginal and average cost of producing the good that equals 10. What is the Cournot-Nash equilibrium? You need to solve t..

  Compute the total revenue the total cost and the profit

You are the manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. Compute the total revenue, the total cost, and the profit at the..

  Other things equal-increasing home prices tend

Other things equal, increasing home prices tend to:

  Government imposes a tax on the production of cars

If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.

  Q 1 the cost to drive on a freeway is 0 at all times of the

q. 1 the cost to drive on a freeway is 0 at all times of the day. this cost establishes equilibrium at 3 a.m. however

  Traditional mortgage amortization schedule negative-amortion

Unlike the traditional mortgage amortization schedule, "negative-amortization" mortgages permit the:

  Calculate the marginal cost function

Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd