Question: Answer the question ( s ) below based on the following diagram of a country that is in international trade equilibrium. Refer to the figure

Answer the question(s) below based on the following diagram of a country that is in international trade equilibrium.
Refer to the figure above. If this country is labor abundant, then according to the HO theory good X should be ________ intensive.
labor
capital
both capital and labor
Can't tell without more information

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

For a country with exports of $US 500 billion, imports of $US 300 billion and GDP of $US 2,000 billion, its openness to international trade is: a -0.1 b. 0.25 c. 0.4 d. 0.1 When a multinational sets...

Q:

Answer the question(s) below based on the following diagram of a country in international trade equilibrium. Refer to the figure above. This country has comparative advantage in good T. Z. Y. S.

Q:

Answer the question ( s ) below based on the following diagram of a country that is in international trade equilibrium. Refer to the figure above. This country has comparative advantage in X . Y ....

Q:

Answer the question ( s ) below based on the following diagram of a country that is in international trade equilibrium. Refer to the figure above. This country's imports equal GH units of Y . DE...

Q:

Question 53 is based on the following diagram showing the business cycle of Country A's economy: Eco no mic activity Long-ta rm trend 8 C A 0 Time 58. Suppose Country A experience a fall in...

Q:

Answer 5-7 based upon the following diagram which depicts country A's market for its importable. P S + Tariff SE + Tariff e d S, k S 20 30 40 50 60 80 100 120 5. If A imposes a per unit tariff of $10...

Q:

Final_Exam_Macro Question 1 (2 points) Purchasing-power panty theory does not hold at all times because many goods are not easily transported and the same goods produced in different countries may be...

Q:

Final_Exam_Macro Question 1 (2 points) Purchasing-power panty theory does not hold at all times because many goods are not easily transported and the same goods produced in different countries may be...

Q:

Use the graph to answer the question that follows. Based on the accompanying graph, assuming that the velocity of money is constant, between year 1 and year 2, which of the following statements must...

Q:

please answer question 1 and 2 Consider a world with two countries only Home and Foreign. Two goods, computers and shoes, are produced and consumed. The autarky equilibrium price is P/Ps = 3.5 in...

Q:

In a room for six persons, three fans of 200 W each and four lamps of 100 W each are fitted. Each person causes a heat load of 540 kJ/hour. The ventilation air enters the room through a cooler at a...

Q:

Assume the same facts as in Problem 31, except that TAV distributes $100,000 of cash to Vincent, $50,000 of marketable securities to Tyler, and $50,000 of accounts receivable to Anita. In general...

Q:

2 / 3 9 1 / modv / es / 9 0 3 / watch e: Bond Valuation Drivers 5 : fullowen Go Be et Concepts erg L . P . q , q , What is a credit default swap ( CDS ) ? A type of stock fivestment used to hedge...

Q:

Next year, BHH Co. is expected to pay a dividend of $3.13 per share from earnings of $5.14 per share. The equity cost of capital for BHH is 12.5%. What should BHH's forward P/E ratio be if its...

Q:

9. Are you able to integrate your presentation aids into your presentation effectively?

Q:

4. Are you articulating well? Are you mumbling? Can other people understand your words?

Q:

6. Are you effectively scanning as you rehearse? (If you have others present, are you making eye contact? If not, are you looking at different quadrants of the room you are rehearsing in?)