Which of the Following Is an Assertion of the Heckscher-

question 29

Multiple Choice

Which of the following is an assertion of the Heckscher- Ohlin model?

• A)The wage- rental ratio is determined by relative product prices.
• B)Factor price equalization will occur only if there is costless mobility of all factors across borders.
• C)Factor endowments determine the technology that is available to a country,which determines the good in which the country will have a comparative advantage.
• D)In the long run,labor is mobile and capital is not.
• E)An increase in a country's labor supply will increase production of both the capital- intensive and the labor- intensive good.

---

Definitions:

Thermo-electric Expansion Capsules

Devices that utilize the Peltier effect to convert temperature differences into electric voltage, thereby enabling thermal expansion for various applications.

Reversible DC Electric Motors

Special types of DC motors that can change the direction of their rotation due to the reversal of current flow, allowing both clockwise and counterclockwise operation.

Solenoids

Electromagnetic actuators that convert electrical energy into mechanical action, commonly used in valves and relays to control fluid or air movement.

Instrument Panel Illumination

The lighting system that enables the visibility of gauges, indicators, and controls on a vehicle's dashboard.