Question 1
Which theory is based on the concept of factor abundance?
Question 2
The Theory of Absolute Advantage primarily aims to:
Question 3
Who is the economist associated with the Theory of Absolute Advantage?
Question 4
According to the Heckscher-Ohlin Theory, what should Korea export?
Question 5
What is the key concept of the Theory of Comparative Advantage?
Question 6
In the Theory of Absolute Advantage, Brazil specializes in coffee production because it:
Question 7
According to Heckscher-Ohlin Theory, the USA should produce and export:
Question 8
The assumption of full employment falls under which category of limitations?
Question 9
Who are the economists behind the Heckscher-Ohlin Theory?
Question 10
The Factor Price Equalization Theory suggests that over time, free trade will:
Question 11
Factor Price Equalization Theory assumes mobility of:
Question 12
Which of the following is a limitation of international trade theories?
Question 13
Which assumption is NOT included in the theory of Absolute Advantage?
Question 14
What factor does the Theory of Comparative Advantage primarily rely on?
Question 15
What economist is associated with the Theory of Comparative Advantage?