Hecksher ohlin model Study guides, Revision notes & Summaries

All 6 lectures in one document. This document together with learning the tutorials is enough to pass the course. No need to read the book. Grade obtained 8.7/10

Chapter 4: Resources and Trade: The Heckscher-Ohlin Model 1. In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would A. move the point of production along the production possibility curve. B. shift the production possibility curve outward, and increase the production of both goods. C. shift the production possibility curve outward and decrease the production of the labor-intensive product. D. shift the production possibility curve outward and decr...

Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour. Production costs would be lower in the United States as compared to Japan if A. U.S. labor productivity equaled 40 units per hour and Japan's 15 units per hour. B. U.S. productivity equaled 30 units per hour whereas Japan's was 20. C. U.S. labor productivity equaled 20 and Japan's 30. D. U.S. labor productivity equaled 15 and Japan's 25 units...

Econ 4520 Exam 3 Review Questions and Answers 2023 What factors are important in determining the length of the imitation and the length of the demand lag? imitation lag influenced by: -barriers to obtaining information regarding the production process -the existence of patents -the length of time needed to learn the production process even after the information is obtained -the extent to which multinational companies exist in the industry demand lag influenced by: -the degree to which ...

This is a summary of the readings we completed for World Economy in week 1, which covered Chapters 2-3 of the Reinert (2020): An Introduction to International Economics, ISBN: 5169

Additional notes accompanying problem set solutions, specifically going through the methodology of each answer.

FULL CLASS NOTES FROM INTERNATIONAL TRADE (WITH LECTURE NOTES - ANOTHER DOCUMENT). CONCISE AND EASY.