Which of the Following Is the Predecessor to the National

question 15

Multiple Choice

Which of the following is the predecessor to the National Response Framework?

• A) The National Response Plan
• B) The National Planning Framework
• C) The Federal Planning Framework
• D) None of the above

Distinguish between absolute and comparative advantage in international trade.

Recognize the fallacies associated with low-wage labor and its implications for trade.

Comprehend the role of the Heckscher-Ohlin model in predicting trade patterns based on factor endowments.

Assess the impact of trade on the distribution of income within countries (wages and rents).