Use the following table to answer Question 16. Factor Endowments Labor Force Countries A B 75...
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Use the following table to answer Question 16. Factor Endowments Labor Force Countries A B 75 25 100 50 Capital Stock 16. 17. 18. If good T is capital intensive, then following the Heckscher-Ohlin Theory A. country B will export good T. B. country A will export good T. C. both countries will export good T. D. both countries will import good T E. trade will not occur between these two countries. Under the model of monopolistic competition, a(an) industry will cause to A. increase; average cost; decrease B. increase; average price; increase C. increase; average price; decrease D. decrease; markup; decrease E. increase; marginal cost; decrease A small nation's export subsidy export subsidy A. improves; worsens B. worsens; improves in the number of firms in the importing countries' terms of trade; a large nation's importing countries' terms of trade. C. improves; improves D. improves; does not affect E. does not affect; improves Use the following table to answer Question 16. Factor Endowments Labor Force Countries A B 75 25 100 50 Capital Stock 16. 17. 18. If good T is capital intensive, then following the Heckscher-Ohlin Theory A. country B will export good T. B. country A will export good T. C. both countries will export good T. D. both countries will import good T E. trade will not occur between these two countries. Under the model of monopolistic competition, a(an) industry will cause to A. increase; average cost; decrease B. increase; average price; increase C. increase; average price; decrease D. decrease; markup; decrease E. increase; marginal cost; decrease A small nation's export subsidy export subsidy A. improves; worsens B. worsens; improves in the number of firms in the importing countries' terms of trade; a large nation's importing countries' terms of trade. C. improves; improves D. improves; does not affect E. does not affect; improves
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