Author Question: In the 2-factor, 2 good Heckscher-Ohlin model, the country with a relative abundance of ________ ... (Read 118 times)

jlmhmf · **on:** Jun 30, 2018

In the 2-factor, 2 good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibility frontier that is biased toward production of the ________ good.

A) labor; labor intensive
B) labor; capital intensive
C) land; labor intensive
D) land; capital intensive
E) capital; land intensive

Question 2

Describe some of the features hindering developing countries from growing faster.

What will be an ideal response?

yuyiding · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

One of the features that can be hold developing countries from growing faster is corruption. The way governments control the economy by developing restrictions that would not allow international trade among other countries; knowing that by having the doors open for international trading the country can be better off. More over, governments also owning or controlling the largest industries, that produce more in the countries, and controlling international transactions, they do not led new opportunities to come into their society.
These governments also do tax evasion, which must of the time in some countries it's been out of control. Basically, developing countries have been managed by corrupt and inexperience peoples that just want to disturbed instead of encouraging new opportunities for a better future.