Empirical support for the Heckscher-Ohlin model was weakest when ...

[Yi-Chen]

Empirical support for the Heckscher-Ohlin model was weakest when the study applied
 
  A) all of the assumptions of the model.
  B) all of the assumptions of the model except that regarding technology.
  C) all of the assumptions of the model except those regarding technology, goods and shipping costs.
  D) all of the assumptions of the model except those regarding technology, shipping costs and gravity.
  E) all of the assumptions of the model except those regarding shipping costs.

Question 2

The percent by which import prices rise when the home currency depreciates by 1 is the degree of
 
  A) pass-forward from exchange rates to import prices.
  B) pass-through from exchange rates to import prices.
  C) pass-on from exchange rates to import prices.
  D) roll-forward from exchange rates to import prices.
  E) pass-beyond from exchange rates to import prices.

[scrocafella]

Answer to Question 1

C

Answer to Question 2

B

[Yi-Chen]

Thanks for the timely response, appreciate it

[amit]

Wow, this really help