Question
What is the basis of international trade in the
Heckscher-Ohlin model?Solution
Factor Endowments is the basis of international trade for a country in case of Heckscher Ohlin Model. The model essentially says that countries export the products which use their relatively abundant and cheap factors of production, and import the products which use the countries' relatively scarce factors.
Gauss-Markov Theorem is associated with which of the following
On a graph for a monopolist or monopolistic competitor, which of the following curves coincide?
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
What does the Exchange Rate Pressure Index (ERPI) measure?
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
An oil exploration company intends to drill an exploratory well in each of two geologically unrelated regions A and B. If the probability of f...
Which of the following is not an example of market failure?
The Diamond-water Paradox shows us that ?
What is the Capital to RiskWeighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability R...