Heckscher-ohlin theory, Macroeconomics

Assignment Help:

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 true with respect to the Heckscher-Ohlin theory?

a. Nigeria is labor abundant and Botswana is capital abundant.

b. Nigeria is both labor and capital abundant.

c. Nigeria is capital abundant and Botswana is labor abundant.

d. Botswana is both labor and capital abundant


Related Discussions:- Heckscher-ohlin theory

Design-build-operate engineering company, A design-build-operate engineerin...

A design-build-operate engineering company burrowed $6 million for 3 years so that in can purchase new equipment. The interest is compounded and the total amount owed will be paid

Relationship between oil prices and several indicators, "The price of Brent...

"The price of Brent crude oil has hit $111 a barrel and US crude also rose in price, as worries persist about the unrest in Libya". (BBC News, 2011) This quote, from the BBC news w

Explain about the economies and diseconomies of scale, Explain about the ec...

Explain about the economies and diseconomies of scale. Economies and Diseconomies of Scale: a. There are economies of scale while long-run average total cost refuses as outp

Determine a decrease in lump sum taxes, Using Simple Keynesian Model, discu...

Using Simple Keynesian Model, discuss the effect of the following: a) An increase in govt. expenditure. b) A decrease in lump sum taxes. In this context compare the govt.

Define the interpreting the price elasticity of demand, Define the interpre...

Define the interpreting the price elasticity of demand. Interpreting the Price Elasticity of Demand: Demand is: a. Elastic when the price elasticity of demand is greater

Recent article in the cincinnati enquirer, A recent article in the Cincinna...

A recent article in the Cincinnati Enquirer reported that the mean labor cost to repair a heat pump is $90 with a standard deviation of $22. Montes plumbing and Heating Service com

Define the term - productivity, Define the term - Productivity Producti...

Define the term - Productivity Productivity is the concept which measures how outputs can be maximised from given inputs. In factories labour productivity is normally calculate

Analyse Inflation, 1. how long will take to deliver a 3000-word assignmen. ...

1. how long will take to deliver a 3000-word assignmen. Must include reliable references.deadline 2nd sept 2. How much do you guys charge? Can I avail the 50% offer?Minimum 100 wo

Lewis model., applicability of the lewis model in developing countries

applicability of the lewis model in developing countries

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