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Author Question: El Salvador has a population density of about 620 people per square mile and neighboring Honduras a ... (Read 100 times)

Jkov05

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Question 1

The trade theory that says countries should concentrate production on those products using their most abundant production factors is the ________.
◦ theory of comparative advantage
◦ theory of absolute advantage
◦ theory of nontradable goods
◦ factor proportions theory

Question 2

El Salvador has a population density of about 620 people per square mile and neighboring Honduras a population density of about 115 people per square mile. According to the factor proportions theory of trade, one would expect El Salvador's exports to Honduras to ________.
◦ have a lower labor-to-land ratio than its imports from Honduras
◦ embody more capital per square mile than its imports from Honduras
◦ have a higher labor-to-land ratio than its imports from Honduras
◦ embody more capital per worker than its imports from Honduras


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Marked as best answer by Jkov05 on Sep 4, 2019

amynguyen1221

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Jkov05

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Reply 2 on: Sep 4, 2019
:D TYSM


raenoj

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Reply 3 on: Yesterday
Excellent

 

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