Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

The difference between the comparative advantage theory and the factor proportions theory is that the factor proportions theory? ________.

A. states that a country specializes in producing and exporting goods using the factors of production that are most abundant and thus cheapestlong dash—not the goods in which it is most productive

B. says that international trade is a? positive-sum game.

C. considers labor to be the only resource used in the production process

D. suggests that trade is a? zero-sum game

 

E. believes that nations could increase their wealth by maintaining a trade surplus

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91725435

Have any Question?


Related Questions in Business Economics

Describe five changes in the vaiables that will cause

Describe five changes in the vaiables that will cause demand for a product to increase, shifting the demand curve to the right?

Carefully explain how the negative price elasticity of

Carefully explain how the negative price elasticity of demand affect the revenue or profit of an organization?

A researcher conducted a one-samplenbspz-test with alpha

A researcher conducted a one-sample  z -test with alpha set to 0.05, and calculated a test statistic of 1.99. The null hypothesis was  H 0 : μ = 500 and the critical values were +1.96 and -1.96. Which is the most appropr ...

What would be the substitution effect and the income effect

What would be the substitution effect and the income effect of a wage increase?

In the late 1800s the us dollar was on a bi-metallic

In the late 1800s, the U.S. Dollar was on a bi-metallic standard. According to the official standard, one ounce of gold was worth 16 ounces of silver. However, on a free market the trading ratio of silver to gold was aro ...

If the probability of making a type i error is decreased

If the probability of making a Type I error is decreased, the probability of making a Type-II error: A) also decreases B) remains the same C) increases D) depends on the sample size Which of the following statements is  ...

For assumption of regression the four assumption linearity

For assumption of regression, the four assumption, linearity, independence, no multicollinearity, equal Variance, which one cannot be detected by any means?

If there is an increase in demand for a service and a

If there is an increase in demand for a service, and a decrease in supply of the service, what impact will that have on the equilibrium price and quantity for the service?

In a study of children with a particular disorder parents

In a study of children with a particular disorder, parents were asked to rate their child on a variety of items related to how well their child performs different tasks. One item was "Has difficulty organizing work," rat ...

In a certain survey of 1040 adults 88 reported having more

In a certain survey of 1,040 adults, 88% reported having more than one television at home. Find the actual number of respondents corresponding to the given percentage. The number of adults who reported having more than o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As