Question
1a. Trade in the Heckscher-Ohlin model will equalize A.The relative price of goods B.The relative price of factors of production C.All of the above D.None
1a. Trade in the Heckscher-Ohlin model will equalize
A.The relative price of goods
B.The relative price of factors of production
C.All of the above
D.None of the above
1b. Which of the following is an assumption of monopolistic competition but not perfect competition?
A.Large numbers of producers
B.Differentiated product
C.Free entry and exit
D.None of the above
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
