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Table capital intensity across industries which

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23. (Table: Capital Intensity Across Industries) Which industry is the most labor intensive? A) apparel B) lumber C) primary metal industries D) chemicals Page 5
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24. (Table: Capital Intensity Across Industries) Suppose that the United States is labor abundant relative to Canada. Which of the following products is the United States most likely to import from Canada? 25. In a capital-abundant country, free trade will cause a(n) __________ in the rental of capital and a(n) ____________ in the price of the capital-intensive good. 26. The PPF of a country will be skewed toward the good that: 27. The conclusion that international trade will lead to an increase in real earnings of a country's abundant resource is known as: A) the Rybczynski theorem. B) the Heckscher-Ohlin theorem. C) Ricardian comparative advantage. D) the Stolper-Samuelson theorem. 28. Surveys have found that in the U.S. _____________ are the strongest proponents of placing limits on imports. Page 6
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29. In the long run (the HO model), immigration will lead to: 30. In the long run (the HO model), immigration will lead to:
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