Multiple Choice
Which of the following BEST describes the short-run effects of FDI inflows to Singapore during the latter part of the twentieth century?
A) The effects contradicted the specific-factors model because wages fell, while the rental on capital rose.
B) The effects confirmed the specific-factors model because wages rose, while the rental on capital fell.
C) FDI did not have any measurable effects on either wages or the rental on capital in Singapore.
D) FDI confounded economists because both the rental on capital rose and wages rose in Singapore.
Correct Answer:
Verified
Correct Answer:
Verified
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