This country has comparative advantage in b. c. d. Both X and Y X Neither X or Y

Question

This country has comparative advantage in b. c. d. Both X and Y X Neither X or Y This country's exports equal DE units of Y CE units of X GH units of Y CD units of X a. b. c. d. This country's imports equal a. DE units of Y b. CD units of X c. CE units of X d. GH units of Y Which of the following is true. The value of this country's exports is greater than the value of its imports This country is completely specialized in the production of X The value of this country's consumption equals the value of its production This country consumes at point F a. b. c· d. IfY is labor intensive then according to the HO theory, this country should be a. Neither capital or labor b. Capital c. Both capital and labor d. Labor If this country is labor abundant, then according to the HO theory good X should be intensive: a. b. c. Both capital and labor Neither capital or labor Capital

Explanation / Answer

C. X

D. CD units of X

D. GH units of Y

A. The value of this country's exports is greater than the value of its import.

C. Both capital and labour

C. Capital

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