Question
15 ) In the 2-factor, 2-good Heckscher-Ohlin model, the production possibility frontier is kinked when A) there is no factor substitution in production. B) the
15) In the 2-factor, 2-good Heckscher-Ohlin model, the production possibility frontier is kinked when
A) there is no factor substitution in production.
B) the opportunity cost of production is constant.
C) there are unemployed factor resources.
D) a country does not engage in trade.
E) transportation costs are very high.
Answer:
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
