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

#title., .Clearly explain how net foreign investment links the market for l...

.Clearly explain how net foreign investment links the market for loanable funds and the market for foreign currency exchange. Make sure you define net foreign investment in your an

Models, give three example of models show endogenous and exogenous varibles...

give three example of models show endogenous and exogenous varibles

Inflation, Social and Political Effects of Inflation in India and Other Cou...

Social and Political Effects of Inflation in India and Other Countries

Internal market forces, what are some internal market forces and how is the...

what are some internal market forces and how is the outcome of output, jobs, prices, growth, and international balance

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

Short-run framework, What is the difference between the short-run framework...

What is the difference between the short-run framework and the long-run framework? Discuss how each relates to supply and demand.

Graph of supply and demand, Draw the supply and demand graph for pizza, the...

Draw the supply and demand graph for pizza, then answer the questions below. SUPPLY OF AND DEMAND FOR PIZZA Quantity Supplied Price Quantity Demanded 300 $15.00 100 240 12.00 180 1

Command economy, define history and full deatil of command economy

define history and full deatil of command economy

Explain function of AS-AD model, Q. Explain function of AS-AD model? Th...

Q. Explain function of AS-AD model? The function of AS-AD model is to extend IS-LM model so that we can analyze situations where Y > Y OPT . To achieve this, we should make P e

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