Which of the Following Empirical Studies Provided the Most Support

question 53

Multiple Choice

Which of the following empirical studies provided the most support for the heckscher-Ohlin model?

• A) the study by Wassily Leontief
• B) the study by Bowen, Leamer, and Sveikauskas
• C) the study by David Ricardo
• D) the study by Adam Smith
• E) the study by Davis and Weinstein

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Definitions:

Fixed Number

A specific, unchanging quantity or value, often used in contexts requiring precise, constant measurements or counts.

Secured Bonds

Bonds that are backed by collateral, such as real estate or other assets, to reduce the risk of default to investors.

Bond Principal

The face value of a bond, or the amount of money the bond issuer will pay back to the bondholder at maturity.

Serial Bonds

Bonds that are issued under the same contract but mature at different times, allowing the issuer to spread the repayment over several periods.