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  • The quantity and quality of … of a country are its factor endowments. #201
  • Identify ways to define factor abundance. #202
  • Production possibility frontier skewed to the X-axis because of … #203
  • An autarky point is … #204
  • The movement to a higher community indifferent curve because of … #205
  • Identify the assumption(s) of Heckscher Ohlin model #206
  • Heckscher Ohline model … #207
  • According to the Heckscher-Ohlin theorem … countries should export … products. #208
  • If all prices in one country (country A) are higher than all prices in another country (B) when compared at the wage rates that happen to prevail in the two countries, and if the countries share the same currency, then if the nominal wage rate in country B remains fixed #209
  • Through specialization and trade, consumers are generally made … #210
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