Multiple Choice
As a general rule, when there are specific factors,
Owners of factors specific to the importing industry are
______________, whereas the mobile factor owners
(such as labor) in that industry are ______________.
A) harmed; benefited
B) benefited; harmed
C) harmed; either benefited or harmed, depending on consumption patterns
D) not affected; harmed
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Suppose that wages in the agricultural and
Q18: Suppose that the Home country in the
Q19: In the specificfactors model, as more labor
Q21: Suppose that the Home country in the
Q23: Consider a setting in which capital is
Q24: Suppose that land is specific to agriculture,
Q25: Workers displaced because of trade:<br>A)have had larger
Q26: Suppose that land is specific to agriculture,
Q27: In the twosector (manufacturing and agriculture)<br>Specificfactors model,
Q78: The Trade Adjustment Assistance program is:<br>A) an