Answer:
The answer to this question is (c) Labour, Labour intensive
In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of labour will have a production possibility frontier that is biased toward production of the labour intensive good
Explanation:
The Heckscher-Ohlin model is an economic theory that proposes that countries export what they can most efficiently and plentifully produce.
The model emphasizes the export of goods requiring factors of production that a country has in abundance. It also emphasizes the import of goods that a nation cannot produce as efficiently. It takes the position that countries should ideally export materials and resources of which they have an excess, while proportionately importing those resources they need.
Therefore in regard to the question above,
In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of labour will have a production possibility frontier that is biased toward production of the labour intensive good
Hence the answer is the third option, Labour, Labour intensive
Answer:
The journal entry at the time when great adventures obtains the $30,000 loan is:
Account Title Debit Credit
Cash 30,000
Notes Payable 30,000
The interest accrued at the end of each month would be:
30,000 * 6% = 1,800/12 = $ 150
Interest entry would be made at the end of each month to record the interest expense.
<span>The answer is C. research and content manager
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If i am correct then the answer should be true letter b.)
The answer is B because both have access to capital that competitive markets wouldn’t give them because they dominate the market place and drive out competitors
