If the Heckscher-Ohlin Theorem Is Valid in Practice (And Assuming

question 9

Multiple Choice

If the Heckscher-Ohlin theorem is valid in practice (and assuming that capital and laborAre treated as the only two factors in the real world) , then the "Leontief statistic" for aLabor-abundant country would be __________.

• A) greater than 1.0
• B) equal to 1.0
• C) less than 1.0 but greater than zero
• D) less than zero

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Definitions:

Human Skeleton

The internal framework of the body, composed of 206 bones in adults, which supports and protects the body's organs.

Lumbar Vertebrae

The five vertebrae situated between the thoracic vertebrae and the sacral vertebrae in the lower back.

Thoracic Vertebrae

The twelve vertebrae located in the mid-back section of the vertebral column, providing attachment for the ribs and making up part of the thoracic cage.

Cervical Vertebrae

The seven vertebrae located in the neck region of the spine, known individually as C1 through C7.