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6 Cards in this Set
- Front
- Back
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what is stolper samuelson theorum |
A rise in the relative price of a good will lead to a rise in the return to that factor used inntensively , and a fall in the other factor |
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what is the rybczynski theorum |
a rise in the amount of a factor used in prodution will lead to a more than proportional rise in the good which uses that factor intensively. and a decline in the output of the other good |
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leontif paradox? |
countries with a large amount of captial availiable import the largest amount of capital |
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what is better for national welfare: export subsidy or import tarriff (and why) |
import tarriff |
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median voter theorum |
the party that enacts the policy that is closest to the median voter will win |
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