Witryna9 mar 2016 · Factors of production are completely immobile between countries. Labour is the only primary input to production; The relative ratios of labour at which the production of one good can be traded off for another differ between countries; Countries use fixed technology; Production is under constant cost conditions … http://wer.worldeconomicsassociation.org/files/WEA-WER2-Schumacher.pdf
International Trade Related MCQs - Blogger
Witryna(a) immobility of labour (b) lack of production capacity (c) low wage rate (d) none of these Ans: A. Q.19 Structural unemployment occurs due to: (a) change in technology (b) when factors (other than labour) are in shortage (c) both (a) and (b) (d) none of these Ans: C. Q.20 Natural unemployment occurs due to: (a) shortage of factors of production WitrynaChapter 4. Factor Mobility and Income Redistribution. This chapter continues the theme of income redistribution as a consequence of international trade. The focus here is the effect of factor immobility. In the Ricardian model presented in Chapter 2, it is assumed that workers can move freely and costlessly to another industry. optum product sheet
MCQ Economics of Growth and Development correct - StuDocu
Witryna11 wrz 2024 · The classical theory of international trade on the following assumptions: (i) Labour is the only factor of production and the value of a commodity is proportional to the quantity of labour required in its production. (ii) All labour units are homogeneous, i.e., all the labourers are equally efficient. WitrynaMultiple-Choice Questions SET 2: 1. The marginal physical product of capital is the addition to a. total revenue generated by adding a unit of loanable funds to … Witryna1 wrz 2024 · Check the below NCERT MCQ Questions for Class 10 Economics Chapter 4 Globalisation and the Indian Economy with Answers Pdf free download. MCQ … portscatho swimming pool