If Gambinia Has Many Workers but Very Little Land and Even

question 47

Multiple Choice

If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher-Ohlin model, in order to improve the country's economic welfare, the Gambinian government should

• A) discontinue all international trade.
• B) protect the labor-intensive product.
• C) engage in free trade.
• D) protect the capital-intensive product.
• E) protect the land-intensive product.

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Definitions:

Ledger Accounts

The individual records that summarize all the transactions related to a particular item over a period, forming part of the company’s financial statements.

Significant Transactions

Significant transactions are those transactions that are of substantial importance to the financial or operational position of a company, often requiring special disclosure in financial reports due to their size, nature, or incidence.

Reporting Dates

Specific dates by which companies are required to submit financial reports, typically on a quarterly or annual basis.

Financial Period

A specific duration of time, such as a month, quarter, or year, over which financial activities are recorded and reported.