In the 2-Factor, 2-Good Heckscher-Ohlin Model, the Country with a Relative

question 17

Multiple Choice

In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibility frontier that is biased toward production of the ________ good.

• A) labor; labor intensive
• B) labor; capital intensive
• C) land; labor intensive
• D) land; capital intensive
• E) capital; land intensive

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Definitions:

McMaster University

A public research university located in Hamilton, Ontario, Canada, known for its innovative educational practices.

Facial Features

Distinct attributes or aspects of the human face, such as eyes, nose, and mouth, used in identifying individuals or expressing emotions.

Mere Exposure Effect

A mental occurrence where individuals naturally favor items or concepts they recognize due to repeated exposure.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.