Heckscher-ohlin model, Macroeconomics

Assignment Help:

Which of the following statements regarding the heckscher-ohlin model and Ricardian trade theory is TRUE?

a. Both the Heckscher-Ohlin and Ricardian models are current, relevant, and applicable in explaining world trade patterns

b. The Ricardian model is an excellent simplified introduction to world trade patterns, but the Heckscher-Ohlin model is more relevant in regards to explaining empirical evidence

c. The Ricardian model is useless in explaining trade patterns, and the H-O theory, though applicable, is not sufficient for explaining real world trade patterns

d. The Ricardian model is extremely useful in analyzing trade patterns, but the H-O model is only useful in theoretical applications.


Related Discussions:- Heckscher-ohlin model

Foreign institutional investment, Foreign Institutional  Investment: ...

Foreign Institutional  Investment: Foreign  investment flows in the balance of payments  (BOP) comprise FDI flows and portfolio flows. The latter consists of resources mobilis

Phillips curve in lowland, The Phillips curve in Lowland takes the form of ...

The Phillips curve in Lowland takes the form of ? = 0.04 - 0.5 (u - 0.05), where ? is the actual inflation rate and u is the unemployment rate. The Phillips curve in Highland takes

Price equal marginal cost, Does a firm's price equal marginal cost in the s...

Does a firm's price equal marginal cost in the short run, in the long run, or both? Explain.

Engine performance in general are not adversely affected, Henry Ford's Mode...

Henry Ford's Model T was originally designed and built to be run on ethanol. Today, ethanol (190-proof alcohol) can be produced with domestic stills for about $0.75 per gallon. Whe

Industrial organization, There are very examples of perfect competition. Ye...

There are very examples of perfect competition. Yet in the study of industrial organization, significant discussion is focused on this type of market. Explain why.

One least-cost way to make wooden boxes, There is only one least-cost way t...

There is only one least-cost way to make wooden boxes for shipping tomatoes, and any firm that makes them has a cost function given by 2 TC q q = + + 200 .005 .The inverse market d

Calculate bright star equity fair value and wacc, After the fall of the kin...

After the fall of the king, a tax rate of 20% has been introduced in the Frog Islands Republic. The value of Sun corporation is now 100.000€. Bright Star Co. debt has no changed. T

Heckscher-ohlin theory, Suppose Nigeria has 20 million workers and 16 milli...

Suppose Nigeria has 20 million workers and 16 million units of capital, while Botswana has 5 million workers and 3.5 million units of capital. Which of the following statements is

Demand for memberships at the health club, a health club sells 50 membershi...

a health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40. the price elasticity of demand for memberships at this health clu

National income, # ???? .. difference between gdp at market price and nnp...

# ???? .. difference between gdp at market price and nnp at factor cost

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd