What are the assumption of Heckscher-Ohlin Model?
A. No obstruction to trade
B. Commodities and factor are perfectly competitive
C. Both countries operate at same level of efficiency
D. All of the above
Answer: Option D
A. No obstruction to trade
B. Commodities and factor are perfectly competitive
C. Both countries operate at same level of efficiency
D. All of the above
Answer: Option D
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade
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