The Heckshcer-Ohl assumes that are indentical between countries?

Related Mcqs:

1. The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?

   A. factor endowments
   B. factor intensities
   C. technology
   D. opportunity costs

2. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult
   B. relatively small; easier
   C. relatively large; more difficult
   D. relatively large; easier

3. If a group of countries abolish trade barriers between them and set same tariffs on goods coming in from other countries they are a ?

   A. common market
   B. free trade area
   C. customs union
   D. federation

4. Economics assumes that people consume goods and services to achieve ?

   A. Status
   B. Prestige
   C. Utility
   D. Self-esteem

5. The kinked demand curve model of oligopoly assumes the elasticity of demand ?

   A. in response to a price increase is less elastic than the elasticity of demand in response to a price decrease
   B. is perfectly elastic if price increases and perfectly inelastic if price decreases
   C. is constant regardless of whether price increase of decrease.
   D. in response to a price increases is more elastic than the elasticity of demand in response to a price decrease

6. The Human Development Report 2003, which assumes that poverty is multidimensional calculates a human poverty index based on which of the following measures of deprivation ?

   I- probability at birth of not surviving to age 40
   II- adult illiteracy rate
   III- negative economic growth
   IV- lack of a decent standard of living

   A. I and II only
   B. III and IV only
   C. I, II and III only
   D. I, II and IV

7. The Kinked Demand curve theory assumes ?

   A. Firms cooperate
   B. Firms act as part of cartel
   C. Firms are competitive
   D. Firms are not profit maximisers

8. The accelerator assumes ?

   A. The marginal propensity to consume is constant
   B. The economy is at full employment
   C. There is a constant relationship between net investment and the rate of change of output
   D. The multiplier is constant

9. The multiplier accelerator model assumes ____ depends on ______?

   A. consumption expected future profits
   B. investment, interest rates
   C. investment expected future profits
   D. stock building interest rates

10. The marginal product model assumes that ?

    A. individuals pay the full cost of their education
    B. government subsidizes schooling
    C. education persons migrate more
    D. capital and unskilled labor are complements