You are on page 1of 1

Mongolia belongs to East-Asia.

True
When the demand for dollar currency increases, the dollars currency appreciates. True
Lao PDR is not included in Mekong countries. False
As the demand for imports increases demand for foreign currency decreases. False
Theory of imperfect competition asserts that the direction of intra-industry trade is
determined largely by the differences in relative factor endowments, while production
differentiation and relative market size determine the volume and composition of
international trade. True
Ricardian Theory considers the units of labor or labor hours required to produce a unit of
a  commodity. True
Heckscher–Ohlin-Samuelson (HOS) theorem states that countries will specialize and
trade in goods which are relatively abundant in their territory. True
Theory of imperfect competition talks about oligopoly and monopoly. True
Ricardian Theory states that labor-rich countries will specialize in the production of
labor-intensive  products while countries with abundant capital relative to labor will
specialize and trade in commodities that are capital-intensive in nature. False

 
 

 
 

You might also like