Economics

The Heckscher-Ohlin theorem explains why the U.S. both imports and exports cars.

Started by jparksx

A country with a lot of human capital is likely to have a comparative advantage in highly technical goods.

Started by asan beg

Which of the following phenomena can be explained by the simple comparative advantage theory?

Started by dollx

An example of a(n) ________ comparative advantage is U.S. consumers buying automobiles produced in ...

Started by fox

The pharmaceutical industry depends on highly trained workers, who are abundantly available in ...

Started by londonang

The Heckscher-Ohlin theorem looks to ________ to explain trade flows.

Started by lb_gilbert

An example of acquired comparative advantage is that

Started by OSWALD

An example of an acquired comparative advantage is

Started by WhattoUnderstand

A significant portion of actual world trade patterns results from

Started by bobbie

The quantity and quality of labor, land, and natural resources of a country are its

Started by dbose

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, only the ...

Started by hbsimmons88

If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both ...

Started by lak

For any pair of nations and goods, if each country has a comparative advantage in the production of ...

Started by mspears3

A country is said to have an absolute advantage over another country in the production of a product ...

Started by NguyenJ

If the exchange rate between the United States and Portugal changes from $1 = 1 euro to $1 = 2 ...

Started by armygirl

The economic basis for trade is based on absolute advantage.

Started by Caiter2013

Only those products in which a country has an absolute advantage will be competitive in world markets.

Started by Yi-Chen

Within the range of exchange rates that permits specialization and trade to take place, the exchange ...

Started by altibaby

For any pair of nations and goods, if each country has an absolute advantage in the production of ...

Started by theo

A country is said to enjoy a comparative advantage over another country in the production of a ...

Started by humphriesbr@me.com

If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, ...

Started by AEWBW

In general, for any two countries, there are many exchange rates that will lead to gains from trade, ...

Started by melina_rosy

Suppose that the United States and Spain both produce cognac and handbags. In the United States, ...

Started by magmichele12

Initially trade between Australia and the United States is balanced. Then, if a change in the ...

Started by jon_i

If the exchange rate between the United States and Mexico changes from $1 = 8 pesos to $1 = 9 pesos, ...

Started by Alygatorr01285