The following are data on U.S. exports and imports in 2012 at the two-digit Harmonized Tariff Schedule

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The following are data on U.S. exports and imports in 2012 at the two-digit Harmonized Tariff Schedule (HTS) level. Which products do you think support the Heckscher-Ohlin theorem? Which products are inconsistent?

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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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Question Posted: Feb 04, 2016 05:28 AM

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The following are data on U.S. exports and imports in 2012 at the two-digit Harmonized Tariff Schedule

Question:

Export (S billions) Import (S billions) 19.2 HTS Level Product Beverages Pharmaceutical products Cotton Apparel Footwear Iron and steel 38.0 8.2 1.4 0.8 22.0 9.3 105.0 122.3 95.8 8.7 52 61 1.1 41.1 23.7 29.0 10.2 289.0 240.0 24.2 44.3 27.0 72 74 85 87 Electric machinery Aircraft Furniture Toys 95

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Because the United States is relatively abundant in skilled labor and scarce in u...View the full answer

International Economics

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