True/False
International trade causes the price paid to the abundant factor of production to rise and the price paid to the scarce factor of production to fall.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: A country will tend to have a
Q83: The capital-to-labor ratio is only important in
Q84: A country will have relatively lower costs
Q85: Assume that the U.S. is labor abundant
Q86: The factor-proportions theory identifies the source of
Q88: International trade tends to lower the amount
Q89: Leontief's factor-proportions study found that U.S.:<br>A) imports
Q90: Which theory explains how international trade affects
Q91: There is no tendency for international trade
Q92: Assume that there are two factors, capital