Use the Below Mentioned Table for the Following Question(s)

question 34

Multiple Choice

Use the below mentioned table for the following question(s) .
Suppose that all goods are made with two factors-labor and capital.The table below shows the total endowments of each factor in the United States and Canada.
Table 4.1
Endowment of Labor and Capital

-Based on Table 4.1,according to the Heckscher-Ohlin Theorem,U.S.exports should be goods that

• A)intensively use labor input.
• B)intensively use capital input.
• C)use capital and labor in about equal proportions.
• D)use either labor or capital input,depending on the good.
• E)Not enough information to tell.

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Definitions:

Goodness-of-fit Test

A statistical test used to determine if a set of observed frequencies differs significantly from the expected frequencies.

Test Statistic

A value calculated from sample data during a hypothesis test, used to make a decision about the null hypothesis.

Z

In statistics, 'Z' often refers to a Z-score, which measures the number of standard deviations a data point is from the mean.

Degrees Of Freedom

The count of distinct values or amounts that may change in a study without breaking any restrictions.