Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good. According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
the heckscher- ohlin model question is below.. can anyone explain this question..? The Heckscher-Ohlin model assumes that tastes are the same in Home and Foreign. Suppose now that tastes are different in Home and Foreign. Is it possible for the capital intensive country to now...
Test used to measure prejudice
In my chapter reading it mentions the Authoritarian Personality Theory