Multiple Choice
When a country's labor market is in equilibrium in the specific factors model,the wage rate
A) will be higher in the sector where product price is lower.
B) will be higher in the sector where product price is higher.
C) will be the same in both sectors.
D) will be higher in the export- competing sector.
E) will be higher in the import- competing sector.
Correct Answer:
Verified
Correct Answer:
Verified
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