A footloose industry is one in which the product:
Dynamic factors in trade theory refer to changes in:
Doubling the amount of L and K under constant returns to scale:
Doubling only the amount of L available under constant returns to scale:
The Rybczynski theorem postulates that doubling L at constant relative commodity prices:
Doubling L is likely to:
Technical progress that increases the productivity of L proportionately more than the productivity of K is called:
A 50 percent productivity increase in the production of commodity Y:
Doubling L with trade in a small L-abundant nation:
Doubling L with trade in a large L-abundant nation:
If, at unchanged terms of trade, a nation wants to trade more after growth, then the nation's terms of trade can be expected to:
A proportionately greater increase in the nation's supply of labor than of capital is lik ely to result in a deterioration in the nation's terms of trade if the nation exports:
Technical progress in the nation's export commodity:
Doubling K with trade in a large L-abundant nation:
An increase in tastes for the import commodity in both nations: