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Question 14 According to Heckscher-Dhlin [neoclassical] trade theory, a shift from autarkv to free trade will result in every household in each country consuming a
Question 14 According to Heckscher-Dhlin [neoclassical] trade theory, a shift from autarkv to free trade will result in every household in each country consuming a combination of goodsfservices that was not possible under autarkv. = each country tending to export the commodities that are intensive in factors that are possessed by that country' in relative abundance. households in capital-rich countries benefiting while those in capital-poor countries become worse off. all of the above. Question 15 The fact that per capita output across countries is positively correlated with the distance of their geographical centre from the equator could reflect = the importance of tropical diseases in affecting the productivity of the workforce. the importance of climatic conditions for agricultural productivity = the persistent effects of the nature of historical colonization experienced by different countries all of the above
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