Labor-intensive product with the heckscher-ohlin model, HR Management

Assignment Help:

Q. Two countries exist in this model, R and P. P is relatively labor (L) abundant, as is evident in the bottom right horizontal axis. If Country P were to be totally specialized in the labor-intensive product, C, it could be producing at point 4. In fact, it produces both C and P, at point 5. The (autarky) relative price of C ( in terms of F) of Country P is at point 3; and of Country R at point If trade were to open up between these two countries, which could export C and which would export F? Is this consistent with the Heckscher-Ohlin model? Explain.

Answer: Country R would export F and this is consistent with the H-O model. The country which is comparatively capital abundant exports the product which is comparatively capital intensive.


Related Discussions:- Labor-intensive product with the heckscher-ohlin model

applications of job analysis, Staffing Staffing is the process through...

Staffing Staffing is the process through which an organization ensures that it always has the proper number of employees with the appropriate skills in the right jobs, at the r

Work study model of forecasting techniques, Q. Work study model of forecast...

Q. Work study model of forecasting techniques? These can be used when it is possible to apply work measurement to calculate the length of operations and the amount of labour re

Sound reward system, effective on hrs depends upon sound reward system

effective on hrs depends upon sound reward system

Advantage of social networking technologies, Problem a. How will comp...

Problem a. How will companies and employees take advantage of social networking technologies? b. Online application: Electronic Application letter introducing a resume:

Bench Managment., Should benching be a matter of concern at Delta?

Should benching be a matter of concern at Delta?

Define the format of memorandums, Define The format of Memorandums? ...

Define The format of Memorandums? - A memorandum should contain these important details: The sender's name( and job title, if appropriate) The receiver's na

Explain typical recruiting process, Question: Employees are among a com...

Question: Employees are among a company's most important assets. Without qualified and motivated employees, a company cannot succeed. (a) List the steps in a typical recruit

Explain performance-related-reward, Question 1: (a) Explain Performan...

Question 1: (a) Explain Performance Appraisal and what are its objectives from an Organisation viewpoint? (b) What are the considerations that are taken into account i

Explain about an enterprise, Explain about an enterprise An enterprise...

Explain about an enterprise An enterprise is a purposeful system that is a system created to accomplish a mission or objective. The goal of the mission is usually embodied in

What are the assessment centres, Q. What are the Assessment centres? As...

Q. What are the Assessment centres? Assessment centres: mainly used for the executive hiring, assessment centres are now being used for evaluating executive or supervisory pote

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