Multiple Choice
If skilled labor is physically more abundant relative to unskilled labor in country I than in Country II, but yet skilled labor is relatively higher-priced in comparison to unskilled Labor in country I than in country II, this phenomenon could be accounted for by
A) factor-intensity reversal.
B) the "specific factors" model.
C) demand reversal.
D) factor-price equalization between the two countries.
Correct Answer:
Verified
Correct Answer:
Verified
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