For factor reversal to occur, two commodities must be produced with:

Relaxing the assumptions on which the Heckscher-Ohlin theory rests:

Which of the following assumptions of the Heckscher-Ohlin theory, when relaxed, leav e The theory unaffected?

Which of the following assumptions of the Heckscher-Ohlin theory, when relaxed, require new trade theories?

International trade can be based on economies of scale even if both nations have ide ntical:

A great deal of international trade:

The Heckscher-Ohlin and new trade theories explains most of the trade:

The theory that a nation exports those products for which a large domestic market e Xistswas advanced by:

Intra-industry trade takes place:

If a nation exports twice as much of a differentiated product that it imports , itsintra- industry (T) index is equal to:

Trade based on technological gaps is closely related to:

Which of the following statements is true with regard to the product-cycle theor y?

Transport costs:

Transport costs can be analyzed:

The share of transport costs will fall less heavily on the nation: