The school of thought that views trade as the interplay between power, security and technology as forces
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Question:
The school of thought that views trade as the interplay between power, security and technology as forces that promote national strength is called:
a. | Institutionalism. | |
b. | Constitutionalism. | |
c. | Realism. | |
d. | Federalism. |
An implication of the Heckscher-Ohlin theorem is that
a. | Two countries with identical tastes can still have a basis for trade if factor endowments of the countries differ and if factor intensities of the commodities differ. | |
b. | If two countries have identical tastes, then no trade will occur between them. | |
c. | Income distribution in a country does not change when a country is opened to trade. | |
d. | The relative price of a country's scarce factor of production will rise when the country is opened to trade |
Give explanation
Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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