Multiple Choice
When the demand for products competing with imports
Falls, demand for the specific factors used in their
Production falls and:
A) the relative prices (earnings) of these specific factors will fall disproportionally.
B) the relative prices (earnings) of these specific factors will rise disproportionally.
C) the relative prices (earnings) of these specific factors will fall by the same rate as for all resources.
D) the employment of these specific factors will rise disproportionally.
Correct Answer:
Verified
Correct Answer:
Verified
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