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Q. In free trade between two countries in an H-O world:

Q. Country A has 100 units of labor and Country B has 200 units of labor. Both countries produce computers and Web pages. The unit labor requirements are given in the table below: Computers Web pages Country A 50 1 Country B 100 1 Assume free trade exists and that the relative price is such that both countries specialize completely in the industry in which they have a comparative advantage (neither country produces both goods). The supply of computers relative to Web pages will be:

Q. The U.S. has a balance of trade deficit when its:

Q. Which of the following is NOT a motive for international asset trade?

Q. If the central bank purchases assets, it will result in:

Q. Within the circular flow of income, an increase in domestic income will tend to increase

Q. Which among the following are differences between Balance of Trade and Balance of Payment?

Q. According to Hecksher and Ohlin basic cause of international trade is:

Q. Under fixed exchange rate, which one of the following statements is the most accurate?

Q. A situation where one commodity is capital intensive in one country and labour intensive in another country is called