According to the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border to Saudi Arabia would: a. move the point of production along the Saudi production possibility curve

According to the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border to Saudi Arabia would: a. move the point of production along the Saudi production possibility curve. b. shift the Saudi production possibility curve outward, and increase the production of both goods. c. shift the Saudi production possibility curve outward and decrease the production of the labor-intensive product. d. shift the Saudi production possibility curve outward and decrease the production of the capital-intensive product. 2. According to the Heckscher-Ohlin model, the source of comparative advantage is a country’s: a. technology. b. advertising. c. human capital. d. factor endowments. 3. The Hechscher-Ohlin model states that a country will have a comparative advantage in the good or service whose production is relatively intensive in the ________ with which the country is relatively abundant. a. tastes. b. technology. c. factor of production. d. opportunity cost. Countries Saudi Arabia Sudan Arable Land 60 40 Capital Stock 30 10 4. Refer to the table above. If medicine is a capital intensive good, then following the Heckscher-Ohlin Theory, a. Saudi Arabia will export medicine. b. Sudan will export medicine. c. Both countries will export medicine. d. trade will not occur between these two countries. 5. If Saudi Arabia has more capital per worker, and Egypt has more land per worker, then if trade were to open up between these two countries, a. the real income of capital owners in Saudi Arabia would rise. International Economics Page 2 of 2 b. the real income of labor in Saudi Arabia would clearly rise. c. the real income of labor in Egypt would clearly rise. d. the real income of landowners in Egypt would fall. Question # …. Hickscher-Ohlin model “A country can either be land-abundant or capital abundant but cannot simultaneously be both land-abundant and capital abundant.” Discuss with a numerical example. (Hints: Consider two countries like Saudi Arabia and Brazil. Let T stands for land and K for capital. Consider the Hickscher-Ohlin model to answer this question. Show the different factor ratios and your conclusion).

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency

Order your essay today and save 10% with the discount code tCPCOVID10