In the 2-factor, 2-good Heckscher-Ohlin model, an influx of workers from across the border would: a. move the point of production along the production possibility curve. O b. shift the production possibility curve outward and decrease the production of the capital-intensive product. O c. shift the production possibility curve outward and decrease the production of the labour-intensive product. O d. shift the production possibility curve outward, and increase the production of both goods. O e. shift the possibility curve outward and displace pre-existing labour.

In the 2-factor, 2-good Heckscher-Ohlin model, an influx of workers from across the border would: a. move the point of production along the production possibility curve. O b. shift the production possibility curve outward and decrease the production of the capital-intensive product. O c. shift the production possibility curve outward and decrease the production of the labour-intensive product. O d. shift the production possibility curve outward, and increase the production of both goods. O e. shift the possibility curve outward and displace pre-existing labour.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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